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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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Friday, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
Friday, 05 August 11
THE WORLDS LARGEST COAL MINER TO INVEST IN INDO MINES
COALspot.com - Golden Energy Mines (GEMS) might go for initial public offering (IPO) by the end of September 2011. The company is planning to off lo ...
Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falli ...
Thursday, 04 August 11
THE HBA CONTINUES TO FALL IN AUGUST
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly low ...
Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to ne ...
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- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Agrawal Coal Company - India
- Marubeni Corporation - India
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- White Energy Company Limited
- Posco Energy - South Korea
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- London Commodity Brokers - England
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
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