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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, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Leighton Contractors Pty Ltd - Australia
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- Mintek Dendrill Indonesia
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- Merrill Lynch Commodities Europe
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- International Coal Ventures Pvt Ltd - India
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- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
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- Electricity Authority, New Zealand
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- Lanco Infratech Ltd - India
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- Thiess Contractors Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
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- Energy Development Corp, Philippines
- CNBM International Corporation - China
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
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- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
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- Altura Mining Limited, Indonesia
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- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
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- New Zealand Coal & Carbon
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- SMC Global Power, Philippines
- Independent Power Producers Association of India
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- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
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- London Commodity Brokers - England
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
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- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
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- Chamber of Mines of South Africa
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- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
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- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- The University of Queensland
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- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
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- Planning Commission, India
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- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
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- Bhoruka Overseas - Indonesia
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- Australian Coal Association
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