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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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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Planning Commission, India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
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