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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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Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...
Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY
COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility ...
Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...
Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...
Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...
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- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- MS Steel International - UAE
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Planning Commission, India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Central Electricity Authority - India
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
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