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Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough International Singapore Pte. Ltd. With an amount of US$83.8 million, Indika Energy has now own 81.95% stake in Petrosea.
In a press release sent to TAMBANG Magazine on 6 July 2009, Indika Energy stated that the close of this transaction would enable it to leverage Petrosea's capabilities in engineering construction, mine operation and offshore logistics. Furthermore, it would strengthen Petrosea's foothold in the energy sector in the areas of resource, services, and infrastructure.
With its strong financials fundamental and market leadership, Indika Energy is confident to provide Petrosea with a stronger position to realise its growth target and create satisfactory return on equity.
Arsjad Rasjid, President Director of Indika Energy, explained the next step they are going to take immediately. "The immediate next steps for us is for the two management teams to map out our growth plans based on our strategic intent. We will draw on each other's strengths, capabilities and expertise to grow, as well as conduct a gap analysis to identify and close the gaps of our weaker areas to strengthen our positions," he said.
The acquisition of Petrosea has previously gained approval from Indika Energy's shareholders, as well as from the regulators. Furthermore, Indika Energy would make the mandatory tender offer for shares held by minority shareholders, pursuant to the prevailing laws and regulations.
Source: Tambang
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Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...
Wednesday, 05 August 09
PEOPLE'S MINING SHOULD BE REGULATED UNDER RPP MINERBA
The Indonesian Institute of Science (LIPI) has called on the government to include a specific provision for people’s mining in the draft govern ...
Tuesday, 04 August 09
SRI LANKA IS LOOKING FOR 650,000 TON OF COAL NEXT YEAR FOR ITS FIRST 900 MW POWER PLANT.
COALspot.com ( Sri Lanka) : Lanka Coal Company Limited was issued a tender on 23 July 2009 to purchase 650,000 +/- 20% MT Bituminous Coal per a ...
Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,38 ...
Saturday, 01 August 09
APGENCO SAYS BOUGHT 500,000T MALAYSIAN COAL
The Malaysian Insider reported that, Indian state utility Andhra Pradesh Power Generation Corporation Ltd (Apgenco) has bought 500,000 tonnes of Mal ...
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- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
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