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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$150 million in earnings before interest, tax, depreciation and amortization. The Pakar project has total coal resources of 3.8 billion tons and reserves of 116 million tons.
Kangaroo has been earning a 49% stake in the Tanur Jaya concession--one of the nine concessions within the Pakar Project--over the past 12 months and this position will now be incorporated into the overall 99% interest that Kangaroo is buying in the Pakar project. In addition to its mines, Bayan owns the Balikpapan Coal Terminal, one of the largest coal terminals in Indonesia with a handling capacity of 15 million tons a year.
Source : Kompas / Newsterupdate
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Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
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- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Australian Coal Association
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Economic Council, Georgia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
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