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Tuesday, 14 August 12
SAKARI SIGNS HEADS OF AGREEMENT TO ACQUIRE SIX COAL CONCESSIONS IN INDONESIA
 COALspot.com - Sakari has signed a Heads of Agreement (HOA) to acquire a 100% interest in up to six IUPs, covering an area of over 29,000 hectares, located some 30km to the north of Sakari’s Jembayan Mine in East Kalimantan.
According to statement posted on company’s website, under the HOA, Sakari will undertake an exploration programme and due diligence review and, if the results from these activities prove satisfactory to Sakari, the acquisition will proceed to completion.
Drilling of the properties will start in August 2012 with preliminary results expected towards the end of the year.
Sakari has paid an initial, refundable cash deposit of US$2 million. If the transaction moves to completion, Sakari will pay an additional US$2 million in cash plus an equity component, which will be determined by reference to the results from the drilling programme and the number of IUPs to be acquired.
The total equity consideration is capped at US$60 million in value, should Sakari decide to acquire an interest in all the IUPs.
The statement further said that, the HOA is between PT Separi Energy, a subsidiary of Sakari Resources Limited, and Rudy Ong Chandra and Hairil Hasmy (Sellers). Under the HOA Separi Energy may acquire 100% of the shares in all or any of PT Sepiak Jaya Kaltim, PT Cahaya Bara Kaltim, PT Bunga Jadi Lestari and PT Anugerah Pancaran Bulan, the companies which own the exploration IUP’s.
The book value, net tangible asset value and open market value of the companies have not yet been determined and they have not yet commenced business.
About Sakari:
Sakari (SGX: SAR) is a coal company with a focus on supplying thermal coal to major power utilities and industrial users in Asia. Production from Indonesia in 2011 was 10.7Mt, making it one of the country’s largest thermal coal exporters.
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Thursday, 01 November 12
SOUTH KOREAN POWER UTILITY EWP TO PURCHASE 670,000 MT OF COAL FOR JAN - FEB 2013 DELIVERY
COALspot.com: Korea East-West Power Co. Ltd. on behalf of Korea South-East Power Co. Ltd., Korea Southern Power Co. Ltd., Korea Midland Power Co. Lt ...
Thursday, 01 November 12
KOMIPO LOOKING FOR 440,000 MT OF 4600 KCAL/KG NAR COAL FOR BORYEONG POWER PLANT
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids from coal producers, marketing companies or traders to supply of 440,000 Metric ...
Thursday, 01 November 12
CAPESIZE RATES FALL, DRY BULK MARKET RETREATS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It was another lackluster session yesterday in the dry bulk markets, with the industry's benchmark, the BDI (Baltic Dry Index) retreating by 1.63 p ...
Thursday, 01 November 12
HANDY : WCI-CHINA RATES ARE AT AROUND USD 5,000 AND ECI-CHINA AROUND USD 4000 - FEARNLEYS AS
Handy
The Atlantic market remains quiet due to a lack of cargoes and an increased supply of ships. Rates from the Continent to east Med were around ...
Tuesday, 30 October 12
COAL PRODUCTION TO RISE BY FIVE PERCENT IN 2013 - TEMPO INTERACTIVE
TEMPO Interactive reported that, Indonesian Coal Mining Association (APBI) chairman Bob Kamandanu has estimated that Indonesian coal production will ...
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- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
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