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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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Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
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- Singapore Mercantile Exchange
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- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
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- The University of Queensland
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
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- Heidelberg Cement - Germany
- Economic Council, Georgia
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- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
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- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
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- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- VISA Power Limited - India
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- Ministry of Transport, Egypt
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- Parliament of New Zealand
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- Karbindo Abesyapradhi - Indoneisa
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- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
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- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
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- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
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- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
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- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
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- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Jorong Barutama Greston.PT - Indonesia
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- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
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- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
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- Georgia Ports Authority, United States
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- Medco Energi Mining Internasional
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- Meralco Power Generation, Philippines
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- IEA Clean Coal Centre - UK
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- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
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