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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, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- ASAPP Information Group - India
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