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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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Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a m ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
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- Bharathi Cement Corporation - India
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- VISA Power Limited - India
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
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