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Friday, 13 October 17
INDIKA ENERGY SIGNS SHARE PURCHASE AGREEMENTS FOR AN ADDITIONAL 45% STAKE IN KIDECO
.jpg) PT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate Share Purchase Agreements in 2nd half of September 2017 with each of Samtan Co., Ltd. and PT Muji Inti Utama, respectively, to purchase 40.0% of PT Kideco Jaya Agung (“Kideco”) from Samtan and 5% of Kideco from Muji for an aggregate total consideration of US$677.5 million.
Kideco is third largest coal mine Indonesia and export its coal to around 12 countries worldwide KIDECO is producing more than 40 million tons of Medium calorific coal with very low sulfur content of 0.1% as well as a low ash content of 2.5%.
According to the company’s press release issued 2nd part of September, subject to fulfillment of terms and conditions, upon closing, Indika Energy will become the majority shareholder with 91% equity ownership and Samtan will retain a 9% stake. Indika Energy has built an integrated business portfolio in energy resources, services, and infrastructure. “With its substantial coal reserves, resources, and operational excellence, Kideco will continue to serve as Indika Energy's sustainable growth foundation. This transaction will further strengthen Indika Energy’s position in the energy business value chain,“ said Arsjad Rasjid, President Director and Group CEO of Indika Energy.
With the assumption of control of Kideco, Indika Energy will further enhance synergies within its group subsidiaries such as its contract mining company, PT Petrosea Tbk. and coal transportation and logistics company, PT Mitrabahtera Segara Sejati Tbk.
The transaction is expected to complete in the fourth quarter of 2017, subject to satisfactory fulfillment of the terms and conditions, as well as regulatory approvals set out in the Share Purchase Agreements.
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Tuesday, 03 October 17
ALLIED MARKET ANALYSIS
It seems as though the future of the oil trade was once again put into the spotlight, as the Asia Pacific Petroleum Conference took place last week ...
Friday, 29 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FIFTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.7 million short ...
Thursday, 28 September 17
SUPRAMAX: S.CHINA TRIP TO INDIA HAS BEEN FIXED AT AROUND US$ 11000 - FEARNLEYS
Supramax
The hot market seen the last weeks in the Pacific has softened as the Golden week holiday in China approaches and the October shipments ...
Thursday, 28 September 17
THE 'UNREASONABLE' COST OF CASUALTY REPAIRS: ASSOCIATION OF AVERAGE ADJUSTERS CHAIRMAN DETAILS CLAIMS DILEMMAS
KNOWLEDGE TO ELEVATE
The ‘unreasonable’ cost of casualty repairs: Association of Average Adjusters chairman details claims dilemma ...
Thursday, 28 September 17
CHINESE GOVERNMENT TO CANCEL DOMESTIC IRON ORE MINING RIGHTS - JEFFREY LANDSBERG
It has been reported that China will cancel roughly one third of its iron ore mining licenses, says Commodore Research & Consultancy in its lat ...
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Showing 1926 to 1930 news of total 6871 |
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- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
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- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
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- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Posco Energy - South Korea
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
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