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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, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...
Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- Planning Commission, India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Romanian Commodities Exchange
- MS Steel International - UAE
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
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