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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, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...
Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...
Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012.
Nur Pamudj ...
Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
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Showing 4701 to 4705 news of total 6871 |
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- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Australian Coal Association
- Planning Commission, India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
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