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Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 301.296 mln) for takeover of coal mining companies as quoted by Insider Stories.
"We have to realize acquisition of coal companies this year," said Harum President Director Ray Antonio Gunara as quoted by Kontan daily today.
According to him, Harum is focusing on acquisition of coal mining with 5,000 kcalories. "We aim to buy coal mining in East Kalimantan as the company has rolled out infrastructure for coal mining in these area."
To support the acquisition, the company has Rp 1.03 trillion (approximately US$ 120.284 mln) of internally generated cash flow and Rp1.56 trillion (approximately US$ 182.179 mln) loan facility obtained from Bank DBS Ltd Singapore.
Harum, with coal reserves of 112.6 million tons, targets 10.4 million tons output this year, an increase from 7.4 million tons last year. The company owns three subsidiaries dubbed PT Santan Batubara, a joint venture with subsidiary of PT Indika Energy Tbk, PT Mahakam Sumber Jaya, and PT Tambang Batubara Harum.
"Production from Tambang Batubara Harum may reach 500,000 tons," Ray said.
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Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- PTC India Limited - India
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
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