COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN


* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Capital to advise


Reuters world's largest international multimedia news agency reported that, Indonesian diversified company PT Delta Dunia Petroindo Tbk said on Thursday it has reached an agreement to buy a coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA) for $550 million.

The owners of BUMA had put the company up for sale in May to private equity firms in Asia after failing to sell it in late 2007, sources familiar with the deal said

Mining services companies are struggling with costs amid slowing growth and slumping metal prices, making them ripe for takeovers, industry analysts said.

The sale was in line with a strategy "to increase shareholder value, and to grow revenue through a new mining and contractor platform, leveraging the ripe coal market opportunities in Indonesia," the firm said in a statement.

The firm said the transaction should be completed in the fourth quarter 2009, subject to obtaining shareholder and regulatory approval.

Newspaper Bisnis Indonesia has reported that local private equity group Northstar Pacific had purchased BUMA and that it could be listed through a backdoor listing after the purchase.

Gunawan Angkawibawa, a director at Delta Dunia, declined to comment on whether Northstar Pacific had a role in BUMA's purchase.

Delta Dunia has appointed Barclays Capital to advise on arranging the financing related to the acquisition.

Indonesia, the world's top thermal coal exporter, is expected to produce about 240 million tonnes of coal this year, slightly up from 238 million tonnes last year.
Source:Reuters



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest  coal producing region, is aiming to keep its annual coal output a ...


Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...


Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...


Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...


Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13 LiveMint reported ...


   1289 1290 1291 1292 1293   
Showing 6451 to 6455 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Borneo Indobara - Indonesia
  • SGS (Thailand) Limited
  • Asmin Koalindo Tuhup - Indonesia
  • European Bulk Services B.V. - Netherlands
  • ING Bank NV - Singapore
  • Coastal Gujarat Power Limited - India
  • Xstrata Coal
  • Kohat Cement Company Ltd. - Pakistan
  • Africa Commodities Group - South Africa
  • Sarangani Energy Corporation, Philippines
  • Australian Coal Association
  • Tata Chemicals Ltd - India
  • Goldman Sachs - Singapore
  • Madhucon Powers Ltd - India
  • GNFC Limited - India
  • Ministry of Mines - Canada
  • Platou - Singapore
  • Inspectorate - India
  • Gresik Semen - Indonesia
  • Ministry of Transport, Egypt
  • Kartika Selabumi Mining - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Adani Power Ltd - India
  • KPCL - India
  • JPMorgan - India
  • EMO - The Netherlands
  • Coal and Oil Company - UAE
  • Sindya Power Generating Company Private Ltd
  • Baramulti Group, Indonesia
  • Grasim Industreis Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Ministry of Finance - Indonesia
  • Chamber of Mines of South Africa
  • Mitsui
  • Leighton Contractors Pty Ltd - Australia
  • Latin American Coal - Colombia
  • Orica Mining Services - Indonesia
  • Gujarat Sidhee Cement - India
  • Kalimantan Lumbung Energi - Indonesia
  • Salva Resources Pvt Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • IOL Indonesia
  • Inco-Indonesia
  • Indian School of Mines
  • Maheswari Brothers Coal Limited - India
  • San Jose City I Power Corp, Philippines
  • ACC Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Humpuss - Indonesia
  • IMC Shipping - Singapore
  • Permata Bank - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Bhoruka Overseas - Indonesia
  • Glencore India Pvt. Ltd
  • Merrill Lynch Commodities Europe
  • Barclays Capital - USA
  • Kepco SPC Power Corporation, Philippines
  • PNOC Exploration Corporation - Philippines
  • Oldendorff Carriers - Singapore
  • Jatenergy - Australia
  • Vijayanagar Sugar Pvt Ltd - India
  • Mercator Lines Limited - India
  • Carbofer General Trading SA - India
  • Kumho Petrochemical, South Korea
  • OPG Power Generation Pvt Ltd - India
  • Bukit Makmur.PT - Indonesia
  • Indian Oil Corporation Limited
  • The State Trading Corporation of India Ltd
  • WorleyParsons
  • SN Aboitiz Power Inc, Philippines
  • Bangladesh Power Developement Board
  • OCBC - Singapore
  • Credit Suisse - India
  • Anglo American - United Kingdom
  • ICICI Bank Limited - India
  • Electricity Generating Authority of Thailand
  • Aditya Birla Group - India
  • Wilmar Investment Holdings
  • Global Coal Blending Company Limited - Australia
  • Kapuas Tunggal Persada - Indonesia
  • Japan Coal Energy Center
  • Banpu Public Company Limited - Thailand
  • Intertek Mineral Services - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Kobe Steel Ltd - Japan
  • CCIC - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • BNP Paribas - Singapore
  • Interocean Group of Companies - India
  • Idemitsu - Japan
  • Coaltrans Conferences
  • PTC India Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • MS Steel International - UAE
  • Vizag Seaport Private Limited - India
  • Planning Commission, India
  • GHCL Limited - India
  • Cargill India Pvt Ltd
  • Standard Chartered Bank - UAE
  • BRS Brokers - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Geoservices-GeoAssay Lab
  • Sinarmas Energy and Mining - Indonesia
  • India Bulls Power Limited - India
  • Clarksons - UK
  • Noble Europe Ltd - UK
  • ANZ Bank - Australia
  • TNB Fuel Sdn Bhd - Malaysia
  • Sical Logistics Limited - India
  • World Bank
  • Enel Italy
  • Parry Sugars Refinery, India
  • Dalmia Cement Bharat India
  • World Coal - UK
  • Wood Mackenzie - Singapore
  • Maybank - Singapore
  • Timah Investasi Mineral - Indoneisa
  • Lafarge - France
  • Fearnleys - India
  • Sucofindo - Indonesia
  • Simpson Spence & Young - Indonesia
  • Reliance Power - India
  • Eastern Coal Council - USA
  • Jindal Steel & Power Ltd - India
  • The University of Queensland
  • Marubeni Corporation - India
  • GAC Shipping (India) Pvt Ltd
  • Global Green Power PLC Corporation, Philippines
  • Coal India Limited
  • Russian Coal LLC
  • Vitol - Bahrain
  • JPower - Japan
  • SRK Consulting
  • Merrill Lynch Bank
  • Indorama - Singapore
  • Siam City Cement - Thailand
  • EIA - United States
  • TANGEDCO India
  • London Commodity Brokers - England
  • Sree Jayajothi Cements Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Trasteel International SA, Italy
  • South Luzon Thermal Energy Corporation
  • Mitra SK Pvt Ltd - India
  • Tamil Nadu electricity Board
  • Bharathi Cement Corporation - India
  • Directorate Of Revenue Intelligence - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Jorong Barutama Greston.PT - Indonesia
  • Indogreen Group - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • GVK Power & Infra Limited - India
  • Energy Development Corp, Philippines
  • KPMG - USA
  • CESC Limited - India
  • Thomson Reuters GRC
  • Global Business Power Corporation, Philippines
  • Australian Commodity Traders Exchange
  • Bank of America
  • Power Finance Corporation Ltd., India
  • McConnell Dowell - Australia
  • Ind-Barath Power Infra Limited - India
  • Indonesia Power. PT
  • Orica Australia Pty. Ltd.
  • Berau Coal - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Billiton Holdings Pty Ltd - Australia
  • UBS Singapore
  • Indika Energy - Indonesia
  • Meralco Power Generation, Philippines
  • Thriveni
  • Petron Corporation, Philippines
  • Heidelberg Cement - Germany
  • NALCO India
  • Mechel - Russia
  • Thailand Anthracite
  • Uttam Galva Steels Limited - India
  • Tata Power - India
  • Panama Canal Authority
  • Larsen & Toubro Limited - India
  • U S Energy Resources
  • The India Cements Ltd
  • Attock Cement Pakistan Limited
  • CIMB Investment Bank - Malaysia
  • Romanian Commodities Exchange
  • Commonwealth Bank - Australia
  • Kaltim Prima Coal - Indonesia
  • Coeclerici Indonesia
  • Mintek Dendrill Indonesia
  • Bulk Trading Sa - Switzerland
  • TNPL - India
  • Minerals Council of Australia
  • PLN Batubara - Indonesia
  • Electricity Authority, New Zealand
  • Globalindo Alam Lestari - Indonesia
  • Samtan Co., Ltd - South Korea
  • Runge Indonesia
  • Deloitte Consulting - India
  • Agrawal Coal Company - India
  • Malco - India
  • Karaikal Port Pvt Ltd - India
  • Cebu Energy, Philippines
  • Surastha Cement
  • AsiaOL BioFuels Corp., Philippines
  • Arch Coal - USA
  • Rio Tinto Coal - Australia
  • Posco Energy - South Korea
  • Ambuja Cements Ltd - India
  • Deutsche Bank - India
  • Kideco Jaya Agung - Indonesia
  • Ince & co LLP
  • GN Power Mariveles Coal Plant, Philippines
  • Infraline Energy - India
  • bp singapore
  • Star Paper Mills Limited - India
  • NTPC Limited - India
  • Central Java Power - Indonesia
  • New Zealand Coal & Carbon
  • Vedanta Resources Plc - India
  • Medco Energi Mining Internasional
  • KOWEPO - South Korea
  • SMC Global Power, Philippines
  • globalCOAL - UK
  • Petrochimia International Co. Ltd.- Taiwan
  • IHS Mccloskey Coal Group - USA
  • Georgia Ports Authority, United States
  • Singapore Mercantile Exchange
  • Moodys - Singapore
  • Freeport Indonesia
  • Makarim & Taira - Indonesia
  • Maersk Broker
  • Coalindo Energy - Indonesia
  • Siam City Cement PLC, Thailand
  • Alfred C Toepfer International GmbH - Germany
  • PetroVietnam
  • Bhatia International Limited - India
  • CoalTek, United States
  • International Coal Ventures Pvt Ltd - India
  • Adaro Indonesia
  • VISA Power Limited - India
  • White Energy Company Limited
  • Riau Bara Harum - Indonesia
  • Total Coal South Africa
  • DBS Bank - Singapore
  • Argus Media - Singapore
  • Peabody Energy - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Videocon Industries ltd - India
  • SASOL - South Africa
  • PowerSource Philippines DevCo
  • TeaM Sual Corporation - Philippines
  • GMR Energy Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Therma Luzon, Inc, Philippines
  • Edison Trading Spa - Italy
  • Maruti Cements - India
  • Bhushan Steel Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Petrosea - Indonesia
  • ASAPP Information Group - India
  • Gupta Coal India Ltd
  • Indo Tambangraya Megah - Indonesia
  • Jaiprakash Power Ventures ltd
  • Savvy Resources Ltd - HongKong
  • Central Electricity Authority - India
  • Shenhua Group - China
  • The Treasury - Australian Government
  • Pipit Mutiara Jaya. PT, Indonesia
  • ETA - Dubai
  • Toyota Tsusho Corporation, Japan
  • Thiess Contractors Indonesia
  • Qatrana Cement - Jordan
  • Asia Cement - Taiwan
  • Parliament of New Zealand
  • SMG Consultants - Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • TRAFIGURA, South Korea
  • Cosco
  • Rashtriya Ispat Nigam Limited - India
  • Pendopo Energi Batubara - Indonesia
  • Bank of China, Malaysia
  • Indonesian Coal Mining Association
  • Ernst & Young Pvt. Ltd.
  • McKinsey & Co - India
  • Pinang Coal Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Kobexindo Tractors - Indoneisa
  • Xindia Steels Limited - India
  • Energy Link Ltd, New Zealand
  • Asian Development Bank
  • IEA Clean Coal Centre - UK
  • GB Group - China
  • Arutmin Indonesia
  • Rudhra Energy - India
  • KEPCO - South Korea
  • TGV SRAAC LIMITED, India
  • Mitsubishi Corporation
  • Sakthi Sugars Limited - India
  • Thermax Limited - India
  • RBS Sempra - UK
  • Tanito Harum - Indonesia
  • Cardiff University - UK
  • Shree Cement - India
  • Coal Orbis AG
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Iligan Light & Power Inc, Philippines
  • Thai Mozambique Logistica
  • Platts
  • APGENCO India
  • Cemex - Philippines
  • Port Waratah Coal Services - Australia
  • Lanco Infratech Ltd - India
  • Essar Steel Hazira Ltd - India
  • Indian Energy Exchange, India
  • Economic Council, Georgia
  • Vale Mozambique
  • Independent Power Producers Association of India
  • Malabar Cements Ltd - India
  • Mjunction Services Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • J M Baxi & Co - India
  • Krishnapatnam Port Company Ltd. - India
  • Mercuria Energy - Indonesia
  • IBC Asia (S) Pte Ltd
  • Sojitz Corporation - Japan
  • HSBC - Hong Kong
  • Renaissance Capital - South Africa
  • Bangkok Bank PCL
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • UOB Asia (HK) Ltd
  • Metalloyd Limited - United Kingdom
  • Cement Manufacturers Association - India
  • Eastern Energy - Thailand
  • Britmindo - Indonesia
  • PLN - Indonesia
  • Core Mineral Indonesia
  • Altura Mining Limited, Indonesia
  • Aboitiz Power Corporation - Philippines
  • Formosa Plastics Group - Taiwan
  • Samsung - South Korea
  • Meenaskhi Energy Private Limited - India
  • SUEK AG - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Price Waterhouse Coopers - Russia
  • MEC Coal - Indonesia
  • Barasentosa Lestari - Indonesia
  • CNBM International Corporation - China
  • Neyveli Lignite Corporation Ltd, - India
  • Miang Besar Coal Terminal - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Antam Resourcindo - Indonesia
  • Semirara Mining Corp, Philippines