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Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Servo Meda Sejahtera (SMS) for Rp200 billion (US$ 22.560 million) from PT Servo Infrastructure (SI).
Garibaldi Thohir, CEO of Adaro Energy, in a morning note published by PT Mandiri Sekuritas today, said that it is part of the company’s strategy in developing coal mining asset in South Sumatra, which creating long term sustainable complete integrated value chain.
Servo Meda is a privately integrated coal mining services company that established in the idea of developing transportation solution to South Sumatra region. Through its subsidiary, PT Servo Lintas Raya, Servo develop and construct 228 km haul road in South Sumatera for coal transportation that will connect the mines in Lahat, Muara Enim and Banyuasin regencies with terminal in Tanjung Lago at Banyuasin river.
The 1st construction stage has started since October 2008 and It has a capacity target of 50 million tons of coal in the fourth or 50 years of its operation.
Servo also owns coal mines in Lahat regency including PT Batubara Lahat, PT Bumi Merapi Energy and PT Bara Alam Sumatera which also have legal issue with PTBA. It produced about 3 million tons of coal per year. Servo also has coal mines in Lokpaikat and Bungur in South Kalimantan with a total production of 2 million tons of coal per year.
"We expect It is part of series transaction with the recent 75% stake coal asset acquisition of Mustika Indah Permai (MIP). Altogether Adaro coupling local partners in Lahat region to strengthen its position to leverage its inorganic growth by unlocking abundant “coal treasure” in South Sumatra."
However it remains a long time story to talk about the development of their projects since it is still in a legal case with PTBA which most of their concessions are halted in the meantime waiting for final decision from supreme court.
Source: Insider Stories
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Thursday, 20 October 11
CAPESIZE - TUBARAO /QINGDAO BEING FIXED AT STRONG US$ 29.75 PMT
Handy
The Atlantic market is quite steady, and market seems to be around the same levels as last week. Fewer fixtures reported though. ...
Thursday, 20 October 11
BRACKEN INTERNATIONAL MINING LISTS ON FRANKFURT STOCK EXCHANGE
Press Release - Bracken International Mining (Code:1BM) listed on the Deutsche Börse’s Frankfurt Stock Exchange today at €1.00 with ...
Thursday, 20 October 11
CAPESIZES, SUPRAMAXES LEAD GAINS FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Struggling to find additional support, but still managing to post gains, the dry bulk market has stabilized itself on higher levels again yesterday, ...
Wednesday, 19 October 11
METALLURGICAL COAL PRICES TO DROP BELOW US$240/TONNE - WOOD MACKENZIE
Wood Mackenzie Says Metallurgical Coal Prices to Drop Below US$240/tonne by Q4 2012 But Long-term Demand Fundamentals Remain Robust
Wood Mackenzi ...
Wednesday, 19 October 11
SUPRAMAX MARKET WAS VERY FIRM LAST WEEK - BRS
With all sectors contributing positively, the BDI ended the week at 2,173 points (+8.6%), its highest level so far in 2011. The BCI stood at 3,587 ( ...
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- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Planning Commission, India
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Bhatia International Limited - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
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