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 : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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