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
Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN


The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the matter said.

PT Armadian Tritunggal is in advanced talks to sell 90 percent of Berau Coal, the people said, asking not to be identified because the discussions are private.

Armadian is seeking about $1.3 billion for the stake, one of the people said.

Berau Coal’s profit may more than double this year to $180 million, president director Bob Kamandanu said last month.

Benchmark coal prices may average $80 a metric ton next year compared with an estimated $70 this year, he said.

Coal producers in Indonesia, the world’s largest exporter of power-station coal, produced 72 million metric tons of the fuel in the first six months of the year, or 31 percent of this year’s output target of 230 million tons.

Armadian is in talks with Recapital Advisors, backed by the Bakrie family, about the Berau Coal stake, the people said.

Handy Soetedjo, director of Armadian, declined to comment. Lalu Mara Satria Wangsa, a spokesman for the Bakrie group, didn’t immediately respond to a phone call seeking comment.

Holding company PT Bakrie and Brothers is the biggest shareholder of PT Bumi Resources, Indonesia’s largest coal producer.

Kamandanu said in May that the company hired bankers to review its assets for a possible share sale. In an interview on Tuesday, Kamandanu said he couldn’t comment on the status of bidding, adding that Armadian “is trying to finalize all the details.”

Deutsche Bank AG, Bank of America’s Merrill Lynch and PacBridge Capital Partners were hired to review the company’s assets, according to the people.

Officials at the investment banks declined to comment.
Source: The Jakarta Globe



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...


Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...


Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...


Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...


Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...


   1246 1247 1248 1249 1250   
Showing 6236 to 6240 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 ...

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