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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
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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 ...
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- Borneo Indobara - Indonesia
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- European Bulk Services B.V. - Netherlands
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- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
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- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
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- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
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- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- 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
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
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- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
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- Planning Commission, India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- 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
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- 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
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
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- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
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- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
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- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
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