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Friday, 04 July 14
PARAM MITRA COAL RESOURCES SECURES US$ 7.5M INVESTMENT FROM TEMBUSU PARTNERS
 Param Mitra Coal Resources Pte Ltd (“PMCR”), which owns two operating coal mines in Indonesia, has secured from Singapore private equity investor, Tembusu Partners Pte Ltd (“Tembusu”), an investment of US$ 7.5 million out of the US$ 20 million investment underwritten in January 2014 by The Islamic Bank of Asia (“IB Asia”).
With a proven track record of investing in growth companies across Asia, Tembusu seeks to complement IB Asia to extend its expertise and network to accelerate PMCR’s business growth. PMCR is the eighth investment made under Tembusu’s Growth Fund II.
PMCR’s Kalimantan mines have a resource base of approximately 500 million metric tonnes (“MT”) (JORC-certified) and plans to ramp up production to approximately 5 million MT per year within the next three years in preparation for an eventual IPO.
Singapore-registered PMCR, backed and managed by the Sindhu family – which owns leading India-based coal, logistics and power player Sainik-Aryan Group – has invested over US$ 50 million to date to develop the Indonesian coal assets and infrastructure and expand production.
Leveraging on the fast-growing energy requirements across Asia and the management’s rich experience in the coal mining, logistics and power generation business, PMRC has secured offtake arrangements with Indonesian and Indian clients.
Mr. Dev Sindhu, Chief Executive Officer of PMCR, said, “The backing of IB Asia and Tembusu – two reputable Singapore institutions – validates PMCR’s business strategy amidst rising interest in the Indonesian coal sector. We endeavour to develop PMCR as an integrated player in the coal mining sector, focusing on developing a complete solution for all services, from pit to port, under one umbrella. Our integrated service model and direct linkages with end-users ensure the viability and sustainability of its business which will in turn create and enhance value for all stakeholders.”
Mr. Harish Parameswar, Managing Director of IB Asia, said, “As a merchant bank focused on private equity and investment banking, IB Asia is working with key business partners to bridge opportunities in the India-Singapore-Indonesia growth triangle.”
Mr. Andy Lim, Founder and Chairman of Tembusu, said, “As a pan-Asian fund backing fast growing entrepreneurial companies, Tembusu looks forward to partnering IB Asia and the management team in building PMCR as a leading integrated platform connecting Indonesia’s vast coal resource base and India’s fast growing energy needs, with a view to IPO in an attractive Asian listing location such as Singapore.”
Source: Tembusu Partners Pte Ltd
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Independent Power Producers Association of India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- The University of Queensland
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
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