COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Tuesday, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA


COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, located some 30km to the north of Sakari’s Jembayan Mine in East Kalimantan.

According to statement posted on company’s website, under the HOA, Sakari will undertake an exploration programme and due diligence review and, if the results from these activities prove satisfactory to Sakari, the acquisition will proceed to completion.

Drilling of the properties will start in August 2012 with preliminary results expected towards the end of the year.

Sakari has paid an initial, refundable cash deposit of US$2 million. If the transaction moves to completion, Sakari will pay an additional US$2 million in cash plus an equity component, which will be determined by reference to the results from the drilling programme and the number of IUPs to be acquired.

The total equity consideration is capped at US$60 million in value, should Sakari decide to acquire an interest in all the IUPs.

The statement further said that, the HOA is between PT Separi Energy, a subsidiary of Sakari Resources Limited, and Rudy Ong Chandra and Hairil Hasmy (Sellers). Under the HOA Separi Energy may acquire 100% of the shares in all or any of PT Sepiak Jaya Kaltim, PT Cahaya Bara Kaltim, PT Bunga Jadi Lestari and PT Anugerah Pancaran Bulan, the companies which own the exploration IUP’s.

The book value, net tangible asset value and open market value of the companies have not yet been determined and they have not yet commenced business.

About Sakari:
Sakari (SGX: SAR) is a coal company with a focus on supplying thermal coal to major power utilities and industrial users in Asia. Production from Indonesia in 2011 was 10.7Mt, making it one of the country’s largest thermal coal exporters.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 04 September 12
SHIP OWNERS' COMPETITION LEADS TO TANKER FIXTURES BELOW OPERATING COSTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship owners operating in the VLCC tanker markets are increasingly finding it difficult to obtain even breakeven rates for their vessels, as competit ...


Tuesday, 04 September 12
ORPHEUS SECURES ADDITIONAL SIGNIFICANT KINTAP COAL PROJECT IN SOUTH KALIMANTAN
COALspot.com - Indonesian coal producer, Orpheus Energy (ASX:OEG) has announced that it has secured a 50% equity ownership in an additional tenement ...


Monday, 03 September 12
SHIPOWNERS TO WAIT FOR FURTHER PRICE REDUCTIONS IN THE SECOND HAND VESSEL MARKETS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With September now upon us, shipbrokers are looking towards an interesting winter season, as ship owners are looking to capitalize on more second ha ...


Sunday, 02 September 12
ADAROS COAL ROYALTIES TO THE GOVERNMENT INCREASED BY 10.5 PERCENT Y-O-Y TO US$196.8 MILLION
COALspot.com - PT Adaro Energy Tbk (IDX: ADRO), the second largest power plant coal producer in Indonesia, announced its consolidated auditor-review ...


Saturday, 01 September 12
FALLING PRICES; BLEEDING MINERS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost 4.070  percent and 0.422 percent respectively on W-o-W and D- ...


   917 918 919 920 921   
Showing 4591 to 4595 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Sarangani Energy Corporation, Philippines
  • The University of Queensland
  • PNOC Exploration Corporation - Philippines
  • Rio Tinto Coal - Australia
  • Parry Sugars Refinery, India
  • Price Waterhouse Coopers - Russia
  • Sindya Power Generating Company Private Ltd
  • Wood Mackenzie - Singapore
  • Aditya Birla Group - India
  • Coal Orbis AG
  • Standard Chartered Bank - UAE
  • Therma Luzon, Inc, Philippines
  • Bukit Makmur.PT - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Enel Italy
  • Inco-Indonesia
  • GMR Energy Limited - India
  • Gujarat Sidhee Cement - India
  • Kapuas Tunggal Persada - Indonesia
  • TeaM Sual Corporation - Philippines
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Core Mineral Indonesia
  • Malco - India
  • Agrawal Coal Company - India
  • Videocon Industries ltd - India
  • Lafarge - France
  • The State Trading Corporation of India Ltd
  • Shree Cement - India
  • Star Paper Mills Limited - India
  • Mitra SK Pvt Ltd - India
  • Ministry of Mines - Canada
  • Clarksons - UK
  • Miang Besar Coal Terminal - Indonesia
  • Coastal Gujarat Power Limited - India
  • IBC Asia (S) Pte Ltd
  • Orica Mining Services - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • India Bulls Power Limited - India
  • Bangladesh Power Developement Board
  • Qatrana Cement - Jordan
  • Deutsche Bank - India
  • Ince & co LLP
  • GN Power Mariveles Coal Plant, Philippines
  • Mercuria Energy - Indonesia
  • Peabody Energy - USA
  • Kohat Cement Company Ltd. - Pakistan
  • Total Coal South Africa
  • Vizag Seaport Private Limited - India
  • Fearnleys - India
  • Freeport Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • ACC Limited - India
  • Bhatia International Limited - India
  • Medco Energi Mining Internasional
  • Ministry of Finance - Indonesia
  • Argus Media - Singapore
  • NALCO India
  • Energy Development Corp, Philippines
  • Bhoruka Overseas - Indonesia
  • Jindal Steel & Power Ltd - India
  • Heidelberg Cement - Germany
  • Central Electricity Authority - India
  • ASAPP Information Group - India
  • Reliance Power - India
  • Malabar Cements Ltd - India
  • IMC Shipping - Singapore
  • Vale Mozambique
  • Pendopo Energi Batubara - Indonesia
  • GHCL Limited - India
  • HSBC - Hong Kong
  • Cosco
  • Central Java Power - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Mjunction Services Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Latin American Coal - Colombia
  • Binh Thuan Hamico - Vietnam
  • Kaltim Prima Coal - Indonesia
  • Semirara Mining Corp, Philippines
  • Dalmia Cement Bharat India
  • Glencore India Pvt. Ltd
  • Asian Development Bank
  • Jorong Barutama Greston.PT - Indonesia
  • Kobe Steel Ltd - Japan
  • Goldman Sachs - Singapore
  • Thiess Contractors Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Marubeni Corporation - India
  • Noble Europe Ltd - UK
  • Bank of America
  • Australian Coal Association
  • Singapore Mercantile Exchange
  • Antam Resourcindo - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Salva Resources Pvt Ltd - India
  • Britmindo - Indonesia
  • GNFC Limited - India
  • Altura Mining Limited, Indonesia
  • IOL Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Essar Steel Hazira Ltd - India
  • Sical Logistics Limited - India
  • Indorama - Singapore
  • Wilmar Investment Holdings
  • AsiaOL BioFuels Corp., Philippines
  • Rashtriya Ispat Nigam Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Planning Commission, India
  • Australian Commodity Traders Exchange
  • Baramulti Group, Indonesia
  • PowerSource Philippines DevCo
  • World Coal - UK
  • Thailand Anthracite
  • Mercator Lines Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Global Business Power Corporation, Philippines
  • Tanito Harum - Indonesia
  • Merrill Lynch Bank
  • Petron Corporation, Philippines
  • EMO - The Netherlands
  • J M Baxi & Co - India
  • Kalimantan Lumbung Energi - Indonesia
  • Energy Link Ltd, New Zealand
  • Mechel - Russia
  • Cemex - Philippines
  • Tamil Nadu electricity Board
  • Cement Manufacturers Association - India
  • Intertek Mineral Services - Indonesia
  • WorleyParsons
  • Orica Australia Pty. Ltd.
  • Coal India Limited
  • Georgia Ports Authority, United States
  • Eastern Coal Council - USA
  • Bhushan Steel Limited - India
  • Commonwealth Bank - Australia
  • Surastha Cement
  • BNP Paribas - Singapore
  • GAC Shipping (India) Pvt Ltd
  • APGENCO India
  • ANZ Bank - Australia
  • Cigading International Bulk Terminal - Indonesia
  • Barclays Capital - USA
  • ETA - Dubai
  • Grasim Industreis Ltd - India
  • Indogreen Group - Indonesia
  • Renaissance Capital - South Africa
  • Petrosea - Indonesia
  • GVK Power & Infra Limited - India
  • Port Waratah Coal Services - Australia
  • Edison Trading Spa - Italy
  • Tata Power - India
  • Adaro Indonesia
  • Straits Asia Resources Limited - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Romanian Commodities Exchange
  • CCIC - Indonesia
  • SRK Consulting
  • Panama Canal Authority
  • Sakthi Sugars Limited - India
  • Riau Bara Harum - Indonesia
  • Carbofer General Trading SA - India
  • Kideco Jaya Agung - Indonesia
  • Coal and Oil Company - UAE
  • Moodys - Singapore
  • Bukit Baiduri Energy - Indonesia
  • SMC Global Power, Philippines
  • Toyota Tsusho Corporation, Japan
  • Indika Energy - Indonesia
  • TANGEDCO India
  • IHS Mccloskey Coal Group - USA
  • Electricity Generating Authority of Thailand
  • Jatenergy - Australia
  • JPower - Japan
  • Idemitsu - Japan
  • Runge Indonesia
  • Asia Cement - Taiwan
  • GB Group - China
  • VISA Power Limited - India
  • Holcim Trading Pte Ltd - Singapore
  • Sree Jayajothi Cements Limited - India
  • Electricity Authority, New Zealand
  • Ernst & Young Pvt. Ltd.
  • RBS Sempra - UK
  • Platou - Singapore
  • Eastern Energy - Thailand
  • Thomson Reuters GRC
  • Banpu Public Company Limited - Thailand
  • Gupta Coal India Ltd
  • Xstrata Coal
  • Geoservices-GeoAssay Lab
  • Indonesian Coal Mining Association
  • Minerals Council of Australia
  • Coalindo Energy - Indonesia
  • Thermax Limited - India
  • Maersk Broker
  • PLN - Indonesia
  • Kumho Petrochemical, South Korea
  • Cargill India Pvt Ltd
  • South Luzon Thermal Energy Corporation
  • Cebu Energy, Philippines
  • Gresik Semen - Indonesia
  • Bharathi Cement Corporation - India
  • Humpuss - Indonesia
  • Inspectorate - India
  • Anglo American - United Kingdom
  • UBS Singapore
  • Cardiff University - UK
  • Savvy Resources Ltd - HongKong
  • Directorate General of MIneral and Coal - Indonesia
  • Tata Chemicals Ltd - India
  • Attock Cement Pakistan Limited
  • Bulk Trading Sa - Switzerland
  • Platts
  • Bukit Asam (Persero) Tbk - Indonesia
  • Permata Bank - Indonesia
  • Xindia Steels Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • The India Cements Ltd
  • Economic Council, Georgia
  • Indonesia Power. PT
  • Global Green Power PLC Corporation, Philippines
  • The Treasury - Australian Government
  • Karaikal Port Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Independent Power Producers Association of India
  • Makarim & Taira - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Maybank - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • EIA - United States
  • KPCL - India
  • Russian Coal LLC
  • Vedanta Resources Plc - India
  • San Jose City I Power Corp, Philippines
  • Maheswari Brothers Coal Limited - India
  • Bank of China, Malaysia
  • Globalindo Alam Lestari - Indonesia
  • McConnell Dowell - Australia
  • Ministry of Transport, Egypt
  • Meralco Power Generation, Philippines
  • Kartika Selabumi Mining - Indonesia
  • Sojitz Corporation - Japan
  • London Commodity Brokers - England
  • Global Coal Blending Company Limited - Australia
  • Adani Power Ltd - India
  • LBH Netherlands Bv - Netherlands
  • Trasteel International SA, Italy
  • Pipit Mutiara Jaya. PT, Indonesia
  • Posco Energy - South Korea
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Rudhra Energy - India
  • Jaiprakash Power Ventures ltd
  • Merrill Lynch Commodities Europe
  • TNPL - India
  • Uttam Galva Steels Limited - India
  • KEPCO - South Korea
  • CoalTek, United States
  • SASOL - South Africa
  • Mitsui
  • Oldendorff Carriers - Singapore
  • Shenhua Group - China
  • Simpson Spence & Young - Indonesia
  • PetroVietnam
  • globalCOAL - UK
  • Parliament of New Zealand
  • ING Bank NV - Singapore
  • Arutmin Indonesia
  • SUEK AG - Indonesia
  • McKinsey & Co - India
  • Ceylon Electricity Board - Sri Lanka
  • UOB Asia (HK) Ltd
  • Pinang Coal Indonesia
  • Deloitte Consulting - India
  • KPMG - USA
  • Directorate Of Revenue Intelligence - India
  • Coaltrans Conferences
  • SMG Consultants - Indonesia
  • New Zealand Coal & Carbon
  • Madhucon Powers Ltd - India
  • Chamber of Mines of South Africa
  • BRS Brokers - Singapore
  • Borneo Indobara - Indonesia
  • Formosa Plastics Group - Taiwan
  • Mintek Dendrill Indonesia
  • Sucofindo - Indonesia
  • Manunggal Multi Energi - Indonesia
  • World Bank
  • KOWEPO - South Korea
  • JPMorgan - India
  • Maruti Cements - India
  • Lanco Infratech Ltd - India
  • Africa Commodities Group - South Africa
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • White Energy Company Limited
  • Metalloyd Limited - United Kingdom
  • MEC Coal - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Larsen & Toubro Limited - India
  • Power Finance Corporation Ltd., India
  • Thriveni
  • Japan Coal Energy Center
  • PTC India Limited - India
  • Infraline Energy - India
  • SGS (Thailand) Limited
  • Berau Coal - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Interocean Group of Companies - India
  • CIMB Investment Bank - Malaysia
  • Krishnapatnam Port Company Ltd. - India
  • Thai Mozambique Logistica
  • Indian Oil Corporation Limited
  • MS Steel International - UAE
  • TGV SRAAC LIMITED, India
  • DBS Bank - Singapore
  • Vitol - Bahrain
  • Barasentosa Lestari - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Bayan Resources Tbk. - Indonesia
  • Ind-Barath Power Infra Limited - India
  • OCBC - Singapore
  • PetroVietnam Power Coal Import and Supply Company
  • OPG Power Generation Pvt Ltd - India
  • bp singapore
  • Samtan Co., Ltd - South Korea
  • Siam City Cement - Thailand
  • Indian School of Mines
  • Ambuja Cements Ltd - India
  • TRAFIGURA, South Korea
  • Arch Coal - USA
  • CESC Limited - India
  • IEA Clean Coal Centre - UK
  • Credit Suisse - India
  • NTPC Limited - India
  • Siam City Cement PLC, Thailand
  • Alfred C Toepfer International GmbH - Germany
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Aboitiz Power Corporation - Philippines
  • Coeclerici Indonesia
  • Samsung - South Korea
  • Leighton Contractors Pty Ltd - Australia
  • Meenaskhi Energy Private Limited - India
  • CNBM International Corporation - China
  • Mitsubishi Corporation
  • PLN Batubara - Indonesia
  • U S Energy Resources
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • European Bulk Services B.V. - Netherlands
  • Iligan Light & Power Inc, Philippines
  • ICICI Bank Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Indian Energy Exchange, India
  • Bangkok Bank PCL