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Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, targeting to produce up to 250,000 tons of coal by the year end.
Mitra president director Tito Sulistio said on Wednesday that the coal would come from a mine with a size of 1,600 hectares of land belonged to South Sumatra-based PT Realita Jaya Mandiri, which was one of two coal companies set to be acquired by Mitra this year in a deal worth US$40 million.
He elaborated Realita had started operating its mine with a production rate of 40,000 tons per month.
"So when we are able to secure the deal by June, we can get about 250,000 tons of coal by the end of the year," he said.
Mitra had signed a memorandum of understanding with Realita and local coal company PT Mashindo Artha Resources, based also in South Sumatra, to acquire both companies.
Mashindo holds a license for mining on 5,600 hectares and another 4,400 hectares of land in Musi Banyuasin, South Sumatra.
"The appraisal for those two mines has not finished yet, we hope it can be finalized by next month," Tito said.
Source: http://www.thejakartapost.com/news/2009/04/22/mitra-hopes-secure-deals-with-two-coal-firms-june.html
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Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
Friday, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
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- The State Trading Corporation of India Ltd
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- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
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- Romanian Commodities Exchange
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- TeaM Sual Corporation - Philippines
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- Posco Energy - South Korea
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- Coastal Gujarat Power Limited - India
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- White Energy Company Limited
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- Energy Development Corp, Philippines
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- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
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- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
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- Economic Council, Georgia
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- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
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- Xindia Steels Limited - India
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- Sojitz Corporation - Japan
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- Electricity Generating Authority of Thailand
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- The University of Queensland
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- Central Electricity Authority - India
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- Ministry of Mines - Canada
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