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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, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
Saturday, 24 October 09
NTPC SEEKS ALTERNATE COAL SUPPLY FOR KAHALGAON
State-run NTPC is looking at alternate sources of coal to fire its Kahalgaon (Bihar) and Farakka (West Bengal) and power stations, which are facing ...
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- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
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- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Australian Coal Association
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
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- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
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- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
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- Bharathi Cement Corporation - India
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- VISA Power Limited - India
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- Siam City Cement - Thailand
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- Independent Power Producers Association of India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Trasteel International SA, Italy
- Minerals Council of Australia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
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- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
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- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
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- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
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- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
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