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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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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
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- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Deloitte Consulting - India
- ASAPP Information Group - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Australian Coal Association
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
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