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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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Saturday, 04 July 09
S. AFRICA'S RICHARDS BAY TO CAP NEW COAL VOLUMES, MININGMX SAYS
South Africa’s Richards Bay Coal Terminal is proposing restrictions on the quotas it awards to coal exporters from the so-called Phase 5 expansi ...
Saturday, 04 July 09
DALRYMPLE BAY COAL TERMINAL EXPANSION COMPLETE
BABCOCK & Brown Infrastructure has completed expansion of the Dalrymple Bay Coal Terminal (DBCT) near Mackay, Queensland.
The terminal is now ...
Friday, 03 July 09
CHINA SHENHUA TO DOUBLE COAL CAPACITY BY 2014-PAPER
China Shenhua Energy Co Ltd plans to double its annual coal production capacity by 2014 from this year's level, the China Securities Journal report ...
Friday, 03 July 09
UKRAINE CUTS COAL PRODUCTION 9.3 PERCENT IN H1
Ukraine reduced coal production approximately 9.3%, or by 3.673 million tonnes, to 35.879 million tonnes in the first half of 2009 compared to the s ...
Thursday, 02 July 09
PETCOKE BOOMS AS CEMENT MAKERS TRY TO REPLACE COAL
* Cement makers led by Asia chase petcoke to replace coal
* Petcoke prices up $10/T Feb-Jun, set to rise further
* Domestic U.S. petcoke demand ma ...
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- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- White Energy Company Limited
- London Commodity Brokers - England
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- CNBM International Corporation - China
- Agrawal Coal Company - India
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