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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, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...
Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...
Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...
Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...
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 ...
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- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Carbofer General Trading SA - India
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