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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$83.8 million, Indika Energy has now own 81.95% stake in Petrosea.
In a press release sent to TAMBANG Magazine on 6 July 2009, Indika Energy stated that the close of this transaction would enable it to leverage Petrosea's capabilities in engineering construction, mine operation and offshore logistics. Furthermore, it would strengthen Petrosea's foothold in the energy sector in the areas of resource, services, and infrastructure.
With its strong financials fundamental and market leadership, Indika Energy is confident to provide Petrosea with a stronger position to realise its growth target and create satisfactory return on equity.
Arsjad Rasjid, President Director of Indika Energy, explained the next step they are going to take immediately. "The immediate next steps for us is for the two management teams to map out our growth plans based on our strategic intent. We will draw on each other's strengths, capabilities and expertise to grow, as well as conduct a gap analysis to identify and close the gaps of our weaker areas to strengthen our positions," he said.
The acquisition of Petrosea has previously gained approval from Indika Energy's shareholders, as well as from the regulators. Furthermore, Indika Energy would make the mandatory tender offer for shares held by minority shareholders, pursuant to the prevailing laws and regulations.
Source: Tambang
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Monday, 20 July 09
CHINA COAL PRODUCES 52.7 MLN TONNES OF COAL IN 1H, UP 5.4 PCT
China Mining reported that, China Coal Energy Co., the country's second largest coal producer, said Saturday that it produced 52.67 million tonnes ...
Monday, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
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- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Parliament of New Zealand
- Economic Council, Georgia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- The University of Queensland
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
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