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Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT  Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty. Ltd., owned 90% by BUMA and 10% by AGDM Investments Pty Ltd, has entered into a conditional agreement with Downer EDI Limited to acquire Downer’s coal mining contractor business currently referred to as Open Cut Mining East business in Australia.
The Conditional Agreement defines a transaction that entails transfer of Mining East’s assets, employees, employee entitlements, and contracts from Downer to BUMA International. Completion of the Transaction, subject to the fulfilment of customary conditions that include, among others, novation of certain contracts, is expected to occur before the end of 2021. Considering the drawdown of Mandiri loan facility in July 2021, BUMA is fully funded to complete this Transaction.
The Mining East business comes with an experienced and highly successful management team in Australia that will supplement capabilities of BUMA and DOID group. The Mining East business has an aggregated production capacity of c.160 million bcm p.a. of overburden removal, of which ~130 million bcm p.a. is contracted, and c.10.5 million tonnes of coal, providing services for both thermal and metallurgical coal concessions. The existing portfolio includes 4 (four) Queensland-based sites owned by world-class customers. In the recent years, Mining East recorded an annual average revenue of approximately A$510 million. Mining East is also pursuing a number of new projects that would facilitate its future growth.
The success of the Transaction shall mark BUMA’s entry into coking coal that serves as the first step towards diversification, and expansion beyond Indonesia. It will provide BUMA and the DOID Group with the ability to tap into future mining opportunities in Indonesia as well as Australia. The Transaction shall be value accretive and will enhance our access to future growth opportunities, the report says.
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Friday, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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Showing 6 to 10 news of total 6871 |
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- CNBM International Corporation - China
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Australian Coal Association
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
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