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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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Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Deloitte Consulting - India
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- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
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- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
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- Minerals Council of Australia
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- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
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- Ministry of Mines - Canada
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- Jorong Barutama Greston.PT - Indonesia
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- Xindia Steels Limited - India
- VISA Power Limited - India
- Australian Coal Association
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- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
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- Maharashtra Electricity Regulatory Commission - India
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- Economic Council, Georgia
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- MS Steel International - UAE
- Goldman Sachs - Singapore
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- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
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- AsiaOL BioFuels Corp., Philippines
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- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- PTC India Limited - India
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
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- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
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- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
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- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
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