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.
|
|
Thursday, 03 January 13
DRY BULK DEMAND TO KEEP RISING IN 2013, DRY BULK SHIP PRICES TO KEEP FALLING SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In a recent report on the future of the shipping markets, DVB bank said that dry bulk demand is expected to keep on growing in the coming years, mai ...
Wednesday, 02 January 13
NEWCASTLE PORT SHIPPED 23.61 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,533,183 MT of thermal and coking coal for week ended 0700 hours 31 December 2012, Newc ...
Wednesday, 02 January 13
DRY BULK MARKET TO STAY ELEVATED IN START OF 2013 BUT THE NEW YEAR WILL NOT BE WITHOUT TURBULENCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six ...
Monday, 31 December 12
KOSEP IS LOOKING FOR 280K MT OF 4600 NCV COAL FOR APRIL - JUNE 2013
COALspot.com : South Korean state-owned utility Korea South-East Power Co., Ltd. (KOSEP), has issued an new tender for prompt supply of 280,00 ...
Monday, 31 December 12
VALE CELEBRATES ARRIVAL OF "VALE SOHAR" BULK CARRIER TO SULTANATE WITH MEMBERS OF COMMUNITY
'Vale Sohar', one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by H.E. Shei ...
|
|
|
Showing 4441 to 4445 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
|
| |
| |
|
