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Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indonesia’s PT Jawa Power. Marubeni paid US$ 224 million for YTL Jawa Power stake.
According YTL annoucement’s to Malaysia Stock Exchange, Jawa Power owns a 1,220 megawatt coal-fired power plant at the Paiton Power Generation Complex in the district of Probolinggo, in East Java. YTL Power acquired its 35% stake in 2004.
Right now, Jawa Power supplies power to PT PLN (persero), the Indonesian state-owned integrated utility, through a 30-year power purchase agreement. The plant is operated and maintained by PT YTL Jawa Timur, a wholly-owned subsidiary of the YTL Power Group.
“Marubeni is a strong and well-respected player in the international utilities market and this collaboration will enable YTL Power and Marubeni to corporate on potential investments and develop future opportunities in the global utilities industry,’ Yeoh Seok Hong, YTL Power’s executive director say.
Meanwhile, Masumi Kakinoki, chief operating officer at Marubeni’s Power Projects & Infrastructure Division, said that through this transaction, Marubeni will build a firm partnership with YTL as a strategic partnet for future development, not only in Asia but also all over the world. Marubeni and YTL will collaboration in multiple areas such as power, water, and transportation for the further growth of Marubeni and YTL as global utility players.
To contact the reporter on this story: Efendi at efendi@coalspot.com
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Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- The University of Queensland
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- McConnell Dowell - Australia
- PTC India Limited - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
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