We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
|
|
|
Showing 5511 to 5515 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Planning Commission, India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- PTC India Limited - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
|
| |
| |
|