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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 $550 million.
The owners of BUMA had put the company up for sale in May to private equity firms in Asia after failing to sell it in late 2007, sources familiar with the deal said
Mining services companies are struggling with costs amid slowing growth and slumping metal prices, making them ripe for takeovers, industry analysts said.
The sale was in line with a strategy "to increase shareholder value, and to grow revenue through a new mining and contractor platform, leveraging the ripe coal market opportunities in Indonesia," the firm said in a statement.
The firm said the transaction should be completed in the fourth quarter 2009, subject to obtaining shareholder and regulatory approval.
Newspaper Bisnis Indonesia has reported that local private equity group Northstar Pacific had purchased BUMA and that it could be listed through a backdoor listing after the purchase.
Gunawan Angkawibawa, a director at Delta Dunia, declined to comment on whether Northstar Pacific had a role in BUMA's purchase.
Delta Dunia has appointed Barclays Capital to advise on arranging the financing related to the acquisition.
Indonesia, the world's top thermal coal exporter, is expected to produce about 240 million tonnes of coal this year, slightly up from 238 million tonnes last year.
Source:Reuters
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Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
COALspot.com (India): MMTC has re-issued a tender to import 12.50 Million Metric Tonnes (12.50 MMT) (+/- 2%) of thermal coal to be supplied over a p ...
Monday, 31 August 09
INDONESIA ADARO'S NET PROFIT SOARS 1,506 PERCENT ON HIGH PRICES
The Jakarta Post reported that, the country's second largest coal producer, PT Adaro Energy said Sunday that its first-half net profit soared 1,506 ...
Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY
COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week.
...
Friday, 28 August 09
INDONESIA SEEKS TO INCREASE COAL PRODUCTION TO BOLSTER REVENUE
The Jakarta Post, the leading english news paper in Indonesia reported that, Indonesia expects to increase coal production by up to 20 million tons ...
Friday, 28 August 09
MERCURIA ENERGY OPENS INDONESIA TRADING OFFICE
COALspot.com ( Indonesia): Mercuria Energy Group has opened a new office in Jakarta, Indonesia, focussed on trading coal.
Jakarta-based Emanuele ...
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- Global Business Power Corporation, Philippines
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- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
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- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
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- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
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- Manunggal Multi Energi - Indonesia
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- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
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- Therma Luzon, Inc, Philippines
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- Bhatia International Limited - India
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- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
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- Star Paper Mills Limited - India
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- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
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- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
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- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
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- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
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- Electricity Authority, New Zealand
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- MS Steel International - UAE
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- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Parliament of New Zealand
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
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- Agrawal Coal Company - India
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- Salva Resources Pvt Ltd - India
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- Chamber of Mines of South Africa
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- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- The University of Queensland
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
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