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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.
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Friday, 27 July 12
PACIFIC MARKET REMAINED FLAT - FEARNLEYS AS
Handy
The Atlantic market continued its downward trend from last week with what appears to be a summer lull across the board. A trip from the USG t ...
Wednesday, 25 July 12
BUKIT ASAMS H1 REVENUE JUMPED BY 13 PERCENT
COALspot.com - PT Bukit Asam (Persero), Tbk., the state owned coal miner's revenue in H1 2012, has jumped 13 percent to IDR 5.79 trillion (approxim ...
Wednesday, 25 July 12
BUMI RESOURCES MINERALS SECURED PINJAM PAKAI FOR ITS ZINC AND LEAD PROJECT
COALspot.com - PT Bumi Resources Minerals Tbk. ("BRMS" or "the Company") today reported that its 80% owned subsidiary, PT Dairi ...
Tuesday, 24 July 12
SHIP OWNERS WAITING FOR SHIP PRICES TO FALL FURTHER BEFORE MOVING IN MORE AGGRESSIVELY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the summer season already well under way and many ship owners getting ready for the autumn, the sale & purchasing activity of second hand v ...
Monday, 23 July 12
NTPC INVITES BIDS FOR 2.6 MILLION TONS OF LOW MOISTURE IMPORTED COAL
COALspot.com - India’s largest electricity generator, NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government ...
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- The State Trading Corporation of India Ltd
- Planning Commission, India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
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- Anglo American - United Kingdom
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- Price Waterhouse Coopers - Russia
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- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
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- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
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- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- The University of Queensland
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- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
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- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Minerals Council of Australia
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- Eastern Coal Council - USA
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Independent Power Producers Association of India
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