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, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
|
|
|
Showing 4871 to 4875 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
|
| |
| |
|
