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

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 ...


   1250 1251 1252 1253 1254   
Showing 6256 to 6260 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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