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

Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal  in July 2011, up by 10.69 percent compared to June's export of about  28.27 ...


Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...


Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...


Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...


Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...


   1025 1026 1027 1028 1029   
Showing 5131 to 5135 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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