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Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
 * COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
Reuters reported that, Recapital Advisors, an Indonesian investment firm, is nearing an agreement to buy Indonesian coal miner PT Berau Coal for at least $1.3 billion, according to sources familiar with the deal.
Recapital has received a verbal agreement that they are the winning bidder for Indonesia's fifth biggest coal miner, two sources told Reuters, adding the deal could be finalised by the end of the year. Under the deal, Recapital will buy a 51 percent stake from Armadian Tritunggal -- an investment firm controlled by Indonesian businessman Rizal Risjad -- which would trigger the sale of remaining shares in Berau, sources said.
"Yes we are bidding for Berau," Rosan P. Roeslani, president director of Recapital, told Reuters, without confirming that his firm was the winning bidder.
Indonesia is the world's biggest exporter of thermal coal and is a key supplier to North Asia, India and increasingly China. The sources said Recapital is backed by Indonesia's politically-connected Bakrie group, which also owns a big stake in coal miner Bumi Resources, though Roeslani said Recapital was not teaming up with the Bakrie group for the deal.
The sources declined to be identified because the deal was not public. Credit Suisse is advising Recapital, one of the sources said. The sale is being run by Deutsche Bank, Bank of America's Merrill Lynch, and former Merrill banker Sheldon Trainor's PacBridge Capital Partners. TWISTS AND TURNS The deal has seen many twists and turns since it was launched earlier this year. China's Huaneng Power and Indonesia's PT Indika Energy had also submitted bids, sources told Reuters in July.
Thailand's top coal miner Banpu may also have bid for the stake while mining giant Xstrata and Peabody Energy previously expressed interest. Sources said Berau -- Indonesia's fifth-largest coal miner -- has generated strong interest as it is rare for controlling stakes in Indonesian energy firms to be put on the market. The stake offers a steady supply of quality Indonesian thermal coal.
Berau, which has a 1,200 square km (460 sq mile) concession area in East Kalimantan province, produced 13.2 million tonnes of coal in 2008 and aims for production of about 15 million tonnes this year. It sees 2010 output rising 16 percent.
Berau is a joint venture between Tritunggal, Dutch firm dan Rognar Holding B.V. and Japanese firm Sojitz Corp, with Rognar and Sojitz owning 39 percent and 10 percent stakes.
Source: Reuters
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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Therma Luzon, Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
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