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

Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...


Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...


Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions * Expects one deal to be completed by the end of 2009 Reuters world's largest international ...


Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons. Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...


Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009  the steam coal prices sank massive in comparison to the previous years quart ...


   1296 1297 1298 1299 1300   
Showing 6486 to 6490 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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