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Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Servo Meda Sejahtera (SMS) for Rp200 billion (US$ 22.560 million) from PT Servo Infrastructure (SI).
Garibaldi Thohir, CEO of Adaro Energy, in a morning note published by PT Mandiri Sekuritas today, said that it is part of the company’s strategy in developing coal mining asset in South Sumatra, which creating long term sustainable complete integrated value chain.
Servo Meda is a privately integrated coal mining services company that established in the idea of developing transportation solution to South Sumatra region. Through its subsidiary, PT Servo Lintas Raya, Servo develop and construct 228 km haul road in South Sumatera for coal transportation that will connect the mines in Lahat, Muara Enim and Banyuasin regencies with terminal in Tanjung Lago at Banyuasin river.
The 1st construction stage has started since October 2008 and It has a capacity target of 50 million tons of coal in the fourth or 50 years of its operation.
Servo also owns coal mines in Lahat regency including PT Batubara Lahat, PT Bumi Merapi Energy and PT Bara Alam Sumatera which also have legal issue with PTBA. It produced about 3 million tons of coal per year. Servo also has coal mines in Lokpaikat and Bungur in South Kalimantan with a total production of 2 million tons of coal per year.
"We expect It is part of series transaction with the recent 75% stake coal asset acquisition of Mustika Indah Permai (MIP). Altogether Adaro coupling local partners in Lahat region to strengthen its position to leverage its inorganic growth by unlocking abundant “coal treasure” in South Sumatra."
However it remains a long time story to talk about the development of their projects since it is still in a legal case with PTBA which most of their concessions are halted in the meantime waiting for final decision from supreme court.
Source: Insider Stories
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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Deloitte Consulting - India
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Planning Commission, India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- The Treasury - Australian Government
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
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