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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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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
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- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Economic Council, Georgia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- The University of Queensland
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
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