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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, 15 October 21
GLOBAL STEEL DEMAND GROWTH DOWNGRADED FOR 2021 DUE TO CHINA - WORLD STEEL ASSOCIATION
The World Steel Association (worldsteel) today released an update of its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that ste ...
Thursday, 14 October 21
SPIKING COAL PRICES: DON’T BLAME THE ENERGY TRANSITION - IEEFA
Volatility highlights urgency for renewables-based energy solutions
“Energy crisis.” The phrase evokes nearly-forgotten ...
Thursday, 14 October 21
EIA FORECASTS U.S. COAL PRODUCTION TOTALS 588 MMST IN 2021, UP 53 MMST YOY
U.S. coal production in EIA's forecasts totals 588 million short tons (MMst) in 2021, 53 MMst more than in 2020.
According ...
Wednesday, 13 October 21
COAL PRICES ARE ROARING BACK AMID A GLOBAL ENERGY CRUNCH - SYDNEY MORNING HERALD
Soaring coal prices have placed Australia’s mining and energy exports on track to reach a record $349 billion this year evenas the value of t ...
Wednesday, 13 October 21
CHINA ISN'T THE ONLY HUGE ASIAN ECONOMY WITH A COAL SHORTAGE NOW - CNBC
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.
Mos ...
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- The University of Queensland
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
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