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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
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Saturday, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
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- Mercator Lines Limited - India
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- European Bulk Services B.V. - Netherlands
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- Global Business Power Corporation, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
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- Directorate Of Revenue Intelligence - India
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- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
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- Straits Asia Resources Limited - Singapore
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- Planning Commission, India
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- Videocon Industries ltd - India
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- Ministry of Mines - Canada
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- Africa Commodities Group - South Africa
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- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
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- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
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- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
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- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Posco Energy - South Korea
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- SMG Consultants - Indonesia
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- Anglo American - United Kingdom
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- PowerSource Philippines DevCo
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- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
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- Carbofer General Trading SA - India
- The University of Queensland
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- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
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- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
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- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
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- The State Trading Corporation of India Ltd
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- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
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- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
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- AsiaOL BioFuels Corp., Philippines
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- Economic Council, Georgia
- Wilmar Investment Holdings
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- International Coal Ventures Pvt Ltd - India
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- Edison Trading Spa - Italy
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- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
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