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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 $70 this year, he said.
Coal producers in Indonesia, the world’s largest exporter of power-station coal, produced 72 million metric tons of the fuel in the first six months of the year, or 31 percent of this year’s output target of 230 million tons.
Armadian is in talks with Recapital Advisors, backed by the Bakrie family, about the Berau Coal stake, the people said.
Handy Soetedjo, director of Armadian, declined to comment. Lalu Mara Satria Wangsa, a spokesman for the Bakrie group, didn’t immediately respond to a phone call seeking comment.
Holding company PT Bakrie and Brothers is the biggest shareholder of PT Bumi Resources, Indonesia’s largest coal producer.
Kamandanu said in May that the company hired bankers to review its assets for a possible share sale. In an interview on Tuesday, Kamandanu said he couldn’t comment on the status of bidding, adding that Armadian “is trying to finalize all the details.”
Deutsche Bank AG, Bank of America’s Merrill Lynch and PacBridge Capital Partners were hired to review the company’s assets, according to the people.
Officials at the investment banks declined to comment.
Source: The Jakarta Globe
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Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
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- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
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