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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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Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
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- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- VISA Power Limited - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Planning Commission, India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
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