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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, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Planning Commission, India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Australian Coal Association
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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