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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, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
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- White Energy Company Limited
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- The University of Queensland
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
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