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Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million through the issue of new shares to Indonesian coal company PT Bayan Resources Tbk.
Bayan, which will emerge with a 57% stake in the Australian company as a result of the deal, also signed a memorandum of understanding to immediately start managing all of Kangaroo Resources' Indonesian coal operations. The arrangements are subject to due diligence, shareholder and regulatory approval, Kangaroo Resources said in a statement.
Together with Kangaroo Resources' other Indonesian coal assets, which include the 100%-owned Mamahak coking coal project now in production, the Tanur Jaya thermal coal project and the GPK thermal coal project, this latest purchase, “will reposition Kangaroo Resources as a world-scale Indonesian coal producer,“ it said.
Bayan has a market capitalisation of US$4.5 billion, total coal resources of more than 1 billion metric tons and reserves of 500 million tons in eight mining concessions in East and South Kalimantan, and is a major participant in the Indonesian coking and thermal coal markets, Kangaroo said.
Bayan is targeting 2010 coal sales of 12 million tons for nearly US$1 billion in revenues and US$150 million in earnings before interest, tax, depreciation and amortization. The Pakar project has total coal resources of 3.8 billion tons and reserves of 116 million tons.
Kangaroo has been earning a 49% stake in the Tanur Jaya concession--one of the nine concessions within the Pakar Project--over the past 12 months and this position will now be incorporated into the overall 99% interest that Kangaroo is buying in the Pakar project. In addition to its mines, Bayan owns the Balikpapan Coal Terminal, one of the largest coal terminals in Indonesia with a handling capacity of 15 million tons a year.
Source : Kompas / Newsterupdate
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Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role.
The National reported that, Dubai's utility company wil ...
Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...
Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...
Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...
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- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
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