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Tuesday, 08 February 11
BAYAN, KANGAROO EXTEND DUE DILIGENCE
Coal miner controlled by businessman Dato' Low Tuck Kwong PT Bayan Resources Tbk (BYAN) and Australia-listed coal company Kangaroo Resources Limited have agreed to extend a due diligence period to enable the accomplishment of small number of outstanding items, quoted by Insider Stories.
Insider Stories further reported, in an official statement obtained today, both companies initially set a 30 days of the due diligence on January 28 2011.
The extension won't delay the transaction's accomplishment. Both Bayan and Kangaroo are continuing to finalize independent experts' reviews on the assets, ahead of shareholder meetings to approve the transaction.
On December 28 2010, Bayan and Kangaroo Resources entered into a share purchase agreement.
Bayan will inject Kangaroo Resources with 9 coal concession assets in East Kalimantan with coal resources of 3.8 billion metric tons.
In return, Kangaroo Resources will issue new shares, enabling Bayan Resources to control Kangaroo Resources.
Bayan also entered into share sale and purchase agreements with three buyers PT Ilthabi Bara Utama, Prime Mine Resources Limited, Romo Nitiyudi Wachjo, on December 28 2010 to acquire 9 coal concession assets in East Kalimantan.
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Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit ...
Wednesday, 05 January 11
FLOODING IN AUSTRALIA WILL CAUSE COAL PRICES TO SPIKE AT LEAST 20 PERCENT
Rising coal prices are set to spike at least 20 per cent higher because of supply shortages due to severe flooding in Australia, adding cost pressur ...
Wednesday, 05 January 11
DRY BULK MARKET BEGINS NEW YEAR ON SOUR NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Seasonal factors like the worst flooding in Australia’s Queensland in half a century, coupled with thin trade activity has put the dry bulk ma ...
Tuesday, 04 January 11
THE WCI-CHINA ROUTE WAS TRADED IN THE MID US$ 10,000S - BRS DRY BULK
As reported by BRS Dry Bulk, after a stronger than expected performance in 2010, rates finished on a sombre note in December with the BDI at1,773 po ...
Tuesday, 04 January 11
BALI, INDONESIA HOST OF WORLD RENEWABLE ENERGY AND ENERGY EFFICIENCY CONFERENCE
Press Release - Indonesian Renewable Energy Society (METI – IRES) has launched the plan for organizing the international gathering ...
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- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- PTC India Limited - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Economic Council, Georgia
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
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