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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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Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...
Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
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- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
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