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

Wednesday, 29 August 12
COLOMBIA'S MINING BOOM: PART ONE - JOSEPH KIRSCHKE
COALspot.com - Colombia stands before one of the potentially largest, most diversified mining booms in the world. Untold reserves of gold, coal, cop ...


Wednesday, 29 August 12
SECOND HAND VESSELS IN HIGH DEMAND DESPITE SUMMER SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the slow summer season, ship owners appear to be rather keen in acquiring some modern second hand tonnage at "knock-down" prices. ...


Monday, 27 August 12
BUMI BOOKS $322.1 MILLION NET LOSS IN 1H 2012 IN SPITE OF 8.6 PERCENT INCREASE IN SALES REVENUE
PT Bumi Resources Tbk, the single largest coal producer and exporter in Indonesia  announces its first half financial report for the ...


Monday, 27 August 12
OVER 200 FOREIGN COMPANIES AND ENERGY MAJORS EXPECTED AT 2ND MOGP SUMMIT IN YANGON
Singapore based CMT and Machinery & Solutions Co. Ltd (M&S) announce that the 2nd MOGP Summit will be held on 3-6 September at the Sedona ho ...


Sunday, 26 August 12
SOUTH AFRICAN COAL OVERVIEW
South Africa's indigenous energy resource base is dominated by coal. Internationally, coal is the most widely used primary fuel, accounting for ...


   919 920 921 922 923   
Showing 4601 to 4605 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 ...

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