COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


   1006 1007 1008 1009 1010   
Showing 5036 to 5040 news of total 6871
News by Category
Popular News
 
Total Members : 28,621
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Mitra SK Pvt Ltd - India
  • Bharathi Cement Corporation - India
  • Mercuria Energy - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Glencore India Pvt. Ltd
  • Indonesia Power. PT
  • NALCO India
  • Bangkok Bank PCL
  • Infraline Energy - India
  • Borneo Indobara - Indonesia
  • Samtan Co., Ltd - South Korea
  • Tamil Nadu electricity Board
  • PLN Batubara - Indonesia
  • Shenhua Group - China
  • Renaissance Capital - South Africa
  • WorleyParsons
  • AsiaOL BioFuels Corp., Philippines
  • Total Coal South Africa
  • Toyota Tsusho Corporation, Japan
  • Karaikal Port Pvt Ltd - India
  • Antam Resourcindo - Indonesia
  • GB Group - China
  • Gujarat Sidhee Cement - India
  • London Commodity Brokers - England
  • Interocean Group of Companies - India
  • Xstrata Coal
  • 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
  • Maruti Cements - India
  • Makarim & Taira - Indonesia
  • Semirara Mining Corp, Philippines
  • BNP Paribas - Singapore
  • 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
  • KPCL - India
  • Jorong Barutama Greston.PT - Indonesia
  • Petrosea - Indonesia
  • Aboitiz Power Corporation - Philippines
  • PLN - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • JPower - Japan
  • Chettinad Cement Corporation Ltd - India
  • Videocon Industries ltd - India
  • Cargill India Pvt Ltd
  • Global Business Power Corporation, Philippines
  • MEC Coal - Indonesia
  • EMO - The Netherlands
  • NTPC Limited - India
  • Bhatia International Limited - India
  • World Bank
  • Arutmin Indonesia
  • Thiess Contractors Indonesia
  • Vale Mozambique
  • Sree Jayajothi Cements Limited - India
  • Ambuja Cements Ltd - India
  • Lanco Infratech Ltd - India
  • Adaro Indonesia
  • Eastern Coal Council - USA
  • TeaM Sual Corporation - Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • McKinsey & Co - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Moodys - Singapore
  • Parry Sugars Refinery, India
  • Peabody Energy - USA
  • Indian Energy Exchange, India
  • Coal and Oil Company - UAE
  • Goldman Sachs - Singapore
  • Panama Canal Authority
  • 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
  • Thomson Reuters GRC
  • Maheswari Brothers Coal Limited - India
  • Bukit Makmur.PT - Indonesia
  • Central Java Power - Indonesia
  • Russian Coal LLC
  • JPMorgan - India
  • Edison Trading Spa - Italy
  • Planning Commission, India
  • ACC Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • Enel Italy
  • Independent Power Producers Association of India
  • IBC Asia (S) Pte Ltd
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Binh Thuan Hamico - Vietnam
  • Reliance Power - India
  • ICICI Bank Limited - India
  • Japan Coal Energy Center
  • IHS Mccloskey Coal Group - USA
  • Sakthi Sugars Limited - India
  • Coal India Limited
  • DBS Bank - Singapore
  • Dalmia Cement Bharat India
  • Georgia Ports Authority, United States
  • TGV SRAAC LIMITED, India
  • Thermax Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Inco-Indonesia
  • Siam City Cement - Thailand
  • The State Trading Corporation of India Ltd
  • Humpuss - Indonesia
  • Freeport Indonesia
  • Oldendorff Carriers - Singapore
  • Lafarge - France
  • Riau Bara Harum - Indonesia
  • Xindia Steels Limited - India
  • IEA Clean Coal Centre - UK
  • Gresik Semen - Indonesia
  • Electricity Generating Authority of Thailand
  • Ernst & Young Pvt. Ltd.
  • Orica Australia Pty. Ltd.
  • White Energy Company Limited
  • Indorama - Singapore
  • ING Bank NV - Singapore
  • RBS Sempra - UK
  • Rudhra Energy - India
  • Samsung - South Korea
  • Australian Commodity Traders Exchange
  • SRK Consulting
  • Parliament of New Zealand
  • Shree Cement - India
  • 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
  • Pinang Coal Indonesia
  • 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
  • Surastha Cement
  • Romanian Commodities Exchange
  • Billiton Holdings Pty Ltd - Australia
  • Merrill Lynch Bank
  • Coeclerici Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Formosa Plastics Group - Taiwan
  • LBH Netherlands Bv - Netherlands
  • Thriveni
  • European Bulk Services B.V. - Netherlands
  • Jaiprakash Power Ventures ltd
  • Coastal Gujarat Power Limited - India
  • Attock Cement Pakistan Limited
  • ETA - Dubai
  • Qatrana Cement - Jordan
  • Britmindo - Indonesia
  • Mechel - Russia
  • 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
  • globalCOAL - UK
  • Miang Besar Coal Terminal - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Medco Energi Mining Internasional
  • Platou - Singapore
  • Baramulti Group, Indonesia
  • New Zealand Coal & Carbon
  • Cardiff University - UK
  • Tata Power - India
  • 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
  • Barclays Capital - USA
  • Australian Coal Association
  • Petron Corporation, Philippines
  • Ince & co LLP
  • Wilmar Investment Holdings
  • Pipit Mutiara Jaya. PT, Indonesia
  • Vizag Seaport Private Limited - India
  • Metalloyd Limited - United Kingdom
  • GHCL Limited - India
  • Cebu Energy, Philippines
  • 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
  • Kobe Steel Ltd - Japan
  • ASAPP Information Group - India
  • KOWEPO - South Korea
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Geoservices-GeoAssay Lab
  • Cosco
  • ANZ Bank - Australia
  • Simpson Spence & Young - Indonesia
  • TRAFIGURA, South Korea
  • Malco - India
  • The India Cements Ltd
  • Idemitsu - Japan
  • Adani Power Ltd - India
  • Bank of China, Malaysia
  • IOL Indonesia
  • World Coal - UK
  • Anglo American - United Kingdom
  • IMC Shipping - Singapore
  • 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
  • Maybank - Singapore
  • The University of Queensland
  • Indian School of Mines
  • Asia Cement - Taiwan
  • Fearnleys - India
  • Platts
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Carbofer General Trading SA - India
  • GNFC Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Maersk Broker
  • Sindya Power Generating Company Private Ltd
  • Rio Tinto Coal - Australia
  • Singapore Mercantile Exchange
  • Asian Development Bank
  • 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
  • Gupta Coal India Ltd
  • Heidelberg Cement - Germany
  • Cemex - Philippines
  • Star Paper Mills Limited - India
  • Bulk Trading Sa - Switzerland
  • Coaltrans Conferences
  • Petrochimia International Co. Ltd.- Taiwan
  • Kalimantan Lumbung Energi - Indonesia
  • Indonesian Coal Mining Association
  • KEPCO - South Korea
  • Core Mineral Indonesia
  • EIA - United States
  • Latin American Coal - Colombia
  • Clarksons - UK
  • Central Electricity Authority - India
  • Indogreen Group - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Malabar Cements Ltd - India
  • KPMG - USA
  • Vedanta Resources Plc - India
  • Timah Investasi Mineral - Indoneisa
  • Larsen & Toubro Limited - India
  • Manunggal Multi Energi - Indonesia
  • Bhoruka Overseas - Indonesia
  • APGENCO India
  • Vitol - Bahrain
  • Port Waratah Coal Services - Australia
  • Sojitz Corporation - Japan
  • San Jose City I Power Corp, Philippines
  • Global Green Power PLC Corporation, Philippines
  • bp singapore
  • Sucofindo - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Tanito Harum - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Commonwealth Bank - Australia
  • Wood Mackenzie - Singapore
  • Runge Indonesia
  • HSBC - Hong Kong
  • Mitsubishi Corporation
  • CCIC - Indonesia
  • U S Energy Resources
  • Economic Council, Georgia
  • BRS Brokers - Singapore
  • J M Baxi & Co - India
  • UOB Asia (HK) Ltd
  • SUEK AG - Indonesia
  • Chamber of Mines of South Africa
  • Permata Bank - Indonesia
  • Thai Mozambique Logistica
  • SGS (Thailand) Limited
  • TNPL - India
  • Barasentosa Lestari - Indonesia
  • Trasteel International SA, Italy
  • Inspectorate - India
  • Leighton Contractors Pty Ltd - Australia
  • MS Steel International - UAE
  • Kumho Petrochemical, South Korea
  • OPG Power Generation Pvt Ltd - India
  • UBS Singapore
  • 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
  • Bank of America
  • Bayan Resources Tbk. - Indonesia
  • Orica Mining Services - Indonesia
  • Jindal Steel & Power Ltd - India
  • Indian Oil Corporation Limited
  • Coal Orbis AG
  • TANGEDCO India
  • Uttam Galva Steels Limited - India
  • PetroVietnam
  • Rashtriya Ispat Nigam Limited - India
  • CoalTek, United States
  • Credit Suisse - India
  • Sinarmas Energy and Mining - Indonesia
  • Arch Coal - USA
  • Noble Europe Ltd - UK
  • PowerSource Philippines DevCo
  • Berau Coal - Indonesia
  • Argus Media - Singapore
  • Directorate Of Revenue Intelligence - India
  • Grasim Industreis Ltd - India
  • Eastern Energy - Thailand
  • Meralco Power Generation, Philippines
  • Kaltim Prima Coal - Indonesia
  • Marubeni Corporation - India
  • OCBC - Singapore
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Salva Resources Pvt Ltd - India
  • Jatenergy - Australia
  • CESC Limited - India
  • Mjunction Services Limited - India
  • Bangladesh Power Developement Board
  • Thailand Anthracite
  • Kohat Cement Company Ltd. - Pakistan
  • Deutsche Bank - India
  • Aditya Birla Group - India
  • Mitsui
  • Asmin Koalindo Tuhup - Indonesia
  • SASOL - South Africa