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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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Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
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- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Electricity Authority, New Zealand
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
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