We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent stake in local oil, gas and mining contractor PT Petrosea from Clough International Singapore for $83.8 million, following a preliminary agreement signed in February.
Indika needed to obtain shareholder approval for the acquisition because it constitutes a material transaction.
Indika’s president director, Arsjad Rasjid, said the shareholders told the board to conduct further due diligence on Petrosea before finalizing the transaction.
“They also approved the company’s plan to launch a tender offer for Petrosea shares held by retail investors,” he said, noting that about 18.05 percent of Petrosea is now publicly owned.
Arsjad said that based on the preliminary agreement, the acquisition was scheduled for completion on June 30.
“We hope to consolidate Petrosea’s accounts with Indika’s in the third quarter financial report. Petrosea’s contribution to revenue will be very significant,” he said, adding that if the acquisition had taken place last December, Indika’s revenue would have increased 86 percent to Rp 4.309 trillion ($422.3 million), from Rp 2.314 trillion a year earlier.
Azis Armand, Indika’s chief financial officer and a Petrosea commissioner, said that Petrosea recently won a $315 million, four-year coal-mining contract from PT Gunung Bayan, as well as a $250 million, five-year mining deal with PT Samtan Batubara.
Petrosea posted revenue of $205.8 million and net profit of $1.8 million in 2008, while Indika recorded revenue of Rp 2.31 trillion and net profit of Rp 1.08 trillion.
Indika shares closed unchanged at Rp 2,700 in Jakarta on Wednesday.
Source: The jakarta Globe (http://thejakartaglobe.com/business/indika-gets-approval-on-petrosea-acquisition/312782)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
|
|
|
Showing 6651 to 6655 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Planning Commission, India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
|
| |
| |
|