COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION


COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT Mustika Indah Permai ("MIP") from Elite Rich Investment Limited for US$ 222.5 million on 19 August 2011, according to statement issued by PT Adaro Energy today. 

MIP is a coal mining company developing a greenfield coal project in South Sumatra.  MIP holds a mining permit, known in Indonesian as an IUP, which was granted in April 2010 for a period of twenty years.  The project covers an area of approximately 2,000 hectares.

Adaro Energy’s President Director, Mr.Garibaldi Thohir said, “our investment in MIP is part of our drive to create sustainable value from Indonesian coal and achieve our vision to become a leading Indonesian mining and energy group.” 

MIP is one of a number of acquisitions opportunities that, together with organic growth, will help Adaro Energy to achieve 80 million tonnes of production in the medium term.  Adaro Energy’s  advisors and engineers  visited the area  in November  2010 and  subsequently carried out a geological and drilling program, the statment further said.

Following these and other detailed studies, Adaro Energy decided to pursue a majority ownership in MIP.

Adaro Energy has evaluated the geological information available for MIP and considers that there is significant open cut coal mining potential.   The coal geology at MIP was sufficiently uniform. The structure, thickness and quality of the coal seams were considered well enough defined by the density of drill holes that AE was confident to proceed with the purchase of this potential coal area, even though some incremental technical work is still required before an official statement of Coal Resources and Reserves can be made, the statment said.

To contact the reporter responsible on this story: Efendi at efendi@coalspot.com



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...


Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...


Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...


Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...


Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap. " ...


   1023 1024 1025 1026 1027   
Showing 5121 to 5125 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • GN Power Mariveles Coal Plant, Philippines
  • Merrill Lynch Commodities Europe
  • PLN - Indonesia
  • Petrosea - Indonesia
  • RBS Sempra - UK
  • Price Waterhouse Coopers - Russia
  • Ince & co LLP
  • KOWEPO - South Korea
  • Agrawal Coal Company - India
  • International Coal Ventures Pvt Ltd - India
  • Thomson Reuters GRC
  • Mercuria Energy - Indonesia
  • Thailand Anthracite
  • EIA - United States
  • Gujarat Mineral Development Corp Ltd - India
  • Maybank - Singapore
  • Mercator Lines Limited - India
  • TANGEDCO India
  • Kalimantan Lumbung Energi - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Vitol - Bahrain
  • Standard Chartered Bank - UAE
  • Eastern Energy - Thailand
  • World Bank
  • OCBC - Singapore
  • Deutsche Bank - India
  • Indorama - Singapore
  • Alfred C Toepfer International GmbH - Germany
  • GB Group - China
  • Geoservices-GeoAssay Lab
  • Bulk Trading Sa - Switzerland
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Australian Coal Association
  • Mjunction Services Limited - India
  • Mitsubishi Corporation
  • Infraline Energy - India
  • Indo Tambangraya Megah - Indonesia
  • Ministry of Transport, Egypt
  • Adaro Indonesia
  • Anglo American - United Kingdom
  • Essar Steel Hazira Ltd - India
  • Gresik Semen - Indonesia
  • San Jose City I Power Corp, Philippines
  • Kartika Selabumi Mining - Indonesia
  • Thermax Limited - India
  • Cemex - Philippines
  • Bukit Makmur.PT - Indonesia
  • Tata Power - India
  • Idemitsu - Japan
  • GAC Shipping (India) Pvt Ltd
  • Samsung - South Korea
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • SASOL - South Africa
  • McKinsey & Co - India
  • Cargill India Pvt Ltd
  • Sarangani Energy Corporation, Philippines
  • Asian Development Bank
  • Mechel - Russia
  • Bank of China, Malaysia
  • Argus Media - Singapore
  • Directorate General of MIneral and Coal - Indonesia
  • Goldman Sachs - Singapore
  • Videocon Industries ltd - India
  • MEC Coal - Indonesia
  • Berau Coal - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Qatrana Cement - Jordan
  • Africa Commodities Group - South Africa
  • Globalindo Alam Lestari - Indonesia
  • Credit Suisse - India
  • Interocean Group of Companies - India
  • European Bulk Services B.V. - Netherlands
  • Bangkok Bank PCL
  • Central Java Power - Indonesia
  • Marubeni Corporation - India
  • Freeport Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Malco - India
  • Singapore Mercantile Exchange
  • BNP Paribas - Singapore
  • Parliament of New Zealand
  • Manunggal Multi Energi - Indonesia
  • EMO - The Netherlands
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Clarksons - UK
  • CIMB Investment Bank - Malaysia
  • CoalTek, United States
  • Holcim Trading Pte Ltd - Singapore
  • ING Bank NV - Singapore
  • Cebu Energy, Philippines
  • Karaikal Port Pvt Ltd - India
  • Cement Manufacturers Association - India
  • Sojitz Corporation - Japan
  • IMC Shipping - Singapore
  • Kaltim Prima Coal - Indonesia
  • HSBC - Hong Kong
  • NALCO India
  • Platts
  • Total Coal South Africa
  • Semirara Mining Corp, Philippines
  • Directorate Of Revenue Intelligence - India
  • Tanito Harum - Indonesia
  • TNPL - India
  • Altura Mining Limited, Indonesia
  • Georgia Ports Authority, United States
  • PTC India Limited - India
  • ICICI Bank Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Cosco
  • Vizag Seaport Private Limited - India
  • Aditya Birla Group - India
  • Sucofindo - Indonesia
  • Jindal Steel & Power Ltd - India
  • Samtan Co., Ltd - South Korea
  • IOL Indonesia
  • Energy Link Ltd, New Zealand
  • SN Aboitiz Power Inc, Philippines
  • Indonesia Power. PT
  • Thai Mozambique Logistica
  • Minerals Council of Australia
  • Xindia Steels Limited - India
  • Bhoruka Overseas - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Neyveli Lignite Corporation Ltd, - India
  • Straits Asia Resources Limited - Singapore
  • VISA Power Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Indian Oil Corporation Limited
  • Arch Coal - USA
  • Rio Tinto Coal - Australia
  • Trasteel International SA, Italy
  • Indian Energy Exchange, India
  • Petron Corporation, Philippines
  • New Zealand Coal & Carbon
  • Gujarat Sidhee Cement - India
  • Shree Cement - India
  • KEPCO - South Korea
  • Electricity Authority, New Zealand
  • Thriveni
  • Permata Bank - Indonesia
  • Adani Power Ltd - India
  • World Coal - UK
  • Bhatia International Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Kepco SPC Power Corporation, Philippines
  • Coastal Gujarat Power Limited - India
  • Renaissance Capital - South Africa
  • Aboitiz Power Corporation - Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Bayan Resources Tbk. - Indonesia
  • India Bulls Power Limited - India
  • Orica Mining Services - Indonesia
  • Independent Power Producers Association of India
  • Indika Energy - Indonesia
  • Jaiprakash Power Ventures ltd
  • bp singapore
  • SUEK AG - Indonesia
  • CNBM International Corporation - China
  • JPower - Japan
  • Bhushan Steel Limited - India
  • IBC Asia (S) Pte Ltd
  • Pinang Coal Indonesia
  • Ernst & Young Pvt. Ltd.
  • Pendopo Energi Batubara - Indonesia
  • ANZ Bank - Australia
  • Reliance Power - India
  • SMC Global Power, Philippines
  • Metalloyd Limited - United Kingdom
  • Therma Luzon, Inc, Philippines
  • Maruti Cements - India
  • Simpson Spence & Young - Indonesia
  • Coal India Limited
  • Indian School of Mines
  • Ministry of Mines - Canada
  • Deloitte Consulting - India
  • Dalmia Cement Bharat India
  • Makarim & Taira - Indonesia
  • Ambuja Cements Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Star Paper Mills Limited - India
  • Savvy Resources Ltd - HongKong
  • Maheswari Brothers Coal Limited - India
  • Sakthi Sugars Limited - India
  • Energy Development Corp, Philippines
  • Britmindo - Indonesia
  • Cardiff University - UK
  • Sical Logistics Limited - India
  • U S Energy Resources
  • Lafarge - France
  • SRK Consulting
  • KPMG - USA
  • Planning Commission, India
  • Enel Italy
  • Ind-Barath Power Infra Limited - India
  • Coal and Oil Company - UAE
  • Larsen & Toubro Limited - India
  • Fearnleys - India
  • Karbindo Abesyapradhi - Indoneisa
  • Russian Coal LLC
  • Pipit Mutiara Jaya. PT, Indonesia
  • Oldendorff Carriers - Singapore
  • Indonesian Coal Mining Association
  • Bharathi Cement Corporation - India
  • Shenhua Group - China
  • Wood Mackenzie - Singapore
  • CESC Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • White Energy Company Limited
  • Runge Indonesia
  • Global Business Power Corporation, Philippines
  • Wilmar Investment Holdings
  • Kobe Steel Ltd - Japan
  • Meenaskhi Energy Private Limited - India
  • Formosa Plastics Group - Taiwan
  • Australian Commodity Traders Exchange
  • GVK Power & Infra Limited - India
  • The State Trading Corporation of India Ltd
  • Posco Energy - South Korea
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Commonwealth Bank - Australia
  • Lanco Infratech Ltd - India
  • Humpuss - Indonesia
  • APGENCO India
  • Barasentosa Lestari - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • UOB Asia (HK) Ltd
  • Madhucon Powers Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • Uttam Galva Steels Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Platou - Singapore
  • globalCOAL - UK
  • Tata Chemicals Ltd - India
  • Maersk Broker
  • Coaltrans Conferences
  • Arutmin Indonesia
  • TRAFIGURA, South Korea
  • OPG Power Generation Pvt Ltd - India
  • Maharashtra Electricity Regulatory Commission - India
  • Power Finance Corporation Ltd., India
  • WorleyParsons
  • TGV SRAAC LIMITED, India
  • Bangladesh Power Developement Board
  • Medco Energi Mining Internasional
  • Coalindo Energy - Indonesia
  • Borneo Indobara - Indonesia
  • McConnell Dowell - Australia
  • Surastha Cement
  • Edison Trading Spa - Italy
  • Leighton Contractors Pty Ltd - Australia
  • Asia Cement - Taiwan
  • Romanian Commodities Exchange
  • TNB Fuel Sdn Bhd - Malaysia
  • Riau Bara Harum - Indonesia
  • Merrill Lynch Bank
  • Global Coal Blending Company Limited - Australia
  • SMG Consultants - Indonesia
  • Thiess Contractors Indonesia
  • MS Steel International - UAE
  • Vale Mozambique
  • Peabody Energy - USA
  • Mitra SK Pvt Ltd - India
  • Siam City Cement - Thailand
  • Rudhra Energy - India
  • Electricity Generating Authority of Thailand
  • SGS (Thailand) Limited
  • Orica Australia Pty. Ltd.
  • Toyota Tsusho Corporation, Japan
  • PLN Batubara - Indonesia
  • Barclays Capital - USA
  • Coeclerici Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Timah Investasi Mineral - Indoneisa
  • DBS Bank - Singapore
  • Inco-Indonesia
  • IHS Mccloskey Coal Group - USA
  • Salva Resources Pvt Ltd - India
  • Meralco Power Generation, Philippines
  • TeaM Sual Corporation - Philippines
  • Heidelberg Cement - Germany
  • Jatenergy - Australia
  • ASAPP Information Group - India
  • The India Cements Ltd
  • Mintek Dendrill Indonesia
  • Noble Europe Ltd - UK
  • Japan Coal Energy Center
  • Vedanta Resources Plc - India
  • The Treasury - Australian Government
  • Central Electricity Authority - India
  • JPMorgan - India
  • Eastern Coal Council - USA
  • Coal Orbis AG
  • Petrochimia International Co. Ltd.- Taiwan
  • Tamil Nadu electricity Board
  • PowerSource Philippines DevCo
  • Antam Resourcindo - Indonesia
  • GHCL Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • CCIC - Indonesia
  • Intertek Mineral Services - Indonesia
  • Bank of America
  • Kumho Petrochemical, South Korea
  • Kideco Jaya Agung - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Carbofer General Trading SA - India
  • LBH Netherlands Bv - Netherlands
  • Xstrata Coal
  • IEA Clean Coal Centre - UK
  • Core Mineral Indonesia
  • ETA - Dubai
  • PetroVietnam
  • Binh Thuan Hamico - Vietnam
  • Grasim Industreis Ltd - India
  • NTPC Limited - India
  • GMR Energy Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Port Waratah Coal Services - Australia
  • Mitsui
  • ACC Limited - India
  • KPCL - India
  • Attock Cement Pakistan Limited
  • Indogreen Group - Indonesia
  • South Luzon Thermal Energy Corporation
  • Inspectorate - India
  • Siam City Cement PLC, Thailand
  • Malabar Cements Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • Parry Sugars Refinery, India
  • Banpu Public Company Limited - Thailand
  • BRS Brokers - Singapore
  • Kobexindo Tractors - Indoneisa
  • J M Baxi & Co - India
  • Moodys - Singapore
  • Ministry of Finance - Indonesia
  • Latin American Coal - Colombia
  • Baramulti Group, Indonesia
  • UBS Singapore
  • Panama Canal Authority
  • Sindya Power Generating Company Private Ltd
  • Chamber of Mines of South Africa
  • Gupta Coal India Ltd
  • London Commodity Brokers - England
  • AsiaOL BioFuels Corp., Philippines
  • The University of Queensland
  • GNFC Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Sree Jayajothi Cements Limited - India
  • Economic Council, Georgia
  • Glencore India Pvt. Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • Iligan Light & Power Inc, Philippines