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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
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