We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
 Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agreements to acquire, together with a co-venturer, 100% stake of PT Multi Tambangjaya Utama (MTU) as well as its coal distribution rights for a combined indicative purchase price of approximately US$132 million.
Indika bought the assets, excluding the MTU's outstanding debt, via its subsidiaries dubbed PT Indika Indonesia Resources and Indika Capital Pte Ltd. Upon closing, Indika Resources and Indika Capital will hold a majority stake of 85% in this venture.
“This acquisition will increase Indika Energy’s coal reserves & resources and future production, and more importantly is in line with our strategy to strengthen further the group’s energy value chain,“ said Arsjad Rasjid, Co-CEO Indika Energy in a press statement.
MTU is a bituminous thermal coal (6,500 to 7,200 Kcal/kg on adb basis) and coking coal (7,800 kcal/kg on adb basis) mining company based in Central Kalimantan holding a CCoW third generation expiring in 2039 covering approximately 24,970 hectares concession.
Independent party analysis of the coal deposit on 10 blocks, based on USGS standard, indicates 75.2 million tons resource and 40.6 million tons mineable reserve of high quality thermal and coking coal. Further plans for comprehensive drilling and detailed exploration of the concession area are in place to reconfirm the reserve base.
Who is Multi Tambangjaya?
Founded in 1989, Multi Tambangjaya is based in Jakarta and has a project area in Central Kalimantan, Indonesia. MTU has established in situ resources of bituminous coal and a track record of exploration success in the Barito basins. MTU has been awarded a concession of nearly 25,000 hectares by the government of the Republic of Indonesia.
MTU was acquired in 2007 by Asia Thai Mining, a global company operating in coal business through Asia. Since then, MTU has rapidly grown to become a recognized coal producer, its maximum capacity will reach 4.8 million tons per year at its final stage; mainly steam coal.
MTU became a fully fledged mining company by acquiring underdeveloped properties in established basins and has improved its logistic by building its own road and port. MTU believes that its demonstrated operational and technical expertise, combined with its excellent reputation and strong community relationships throughout Indonesia, make it well positioned to continue to grow its reserves and production.
As at May 31, 2010, MTU had 300 employees, whom mostly were Indonesian. MTU creates employment and business opportunities for local people, particularly in remote locations where there are few other opportunities for economic development, and ensures that skills, know-how and technology are transferred to Indonesian nationals.
MTU production has been delegated to local contractor PT Thailand Bara Pratama, a subsidiary of Italian-Thai development PCL (ITD).
ITD is a global leading company fully supporting MTU through Asia Thai Mining Ltd. Strong of more than 30 years of experience in the mining industry and 50 years the construction business.
In 2000 ITD was awarded the 38 million tons coal mining project by the Electrical Generating Authority of Thailand (EGAT) for the Mae Moh Lignite Mine Phase 5 in Thailand. This was followed in 2002 with a 10 years contract for overburden removal and coal extraction.
Source: Insider Stories
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...
|
|
|
Showing 5106 to 5110 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- The University of Queensland
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Simpson Spence & Young - Indonesia
|
| |
| |
|
