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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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Monday, 20 August 12
CHINESE COAL SWAPS RISE, INDONESIAN COAL CONTRACTS SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for October 2012 delivery lost -2.05 percent W-o-W on Friday (17 August 2012) closing but gained ...
Saturday, 18 August 12
BULK FREIGHT MARKETS CONTINUED THEIR DECLINE IN LINE WITH WEAK DEMAND - VISTAAR
COALspot.com - This week also the indices fell on all segments with BDI touching lowest in almost 3 years.
The BDI closed at 714 points down by 7 ...
Thursday, 16 August 12
PUBLIC PRIVATE PARTNERSHIPS CONFERENCE 2012
Press Release - Asia’s Premier Public Private Partnerships Conference 2012 will showcase commercial opportunities for investors and developers ...
Wednesday, 15 August 12
UT GENERATED RP 3.09 TRILLION NET INCOME
COALspot.com - As of June 2012 Indonesia’s heavy equipment market grew 14%, from 8,448 units to 9,618 units (based on UT’s internal mark ...
Tuesday, 14 August 12
SAKARI ENTERED INTO JV IN CAMBODIA TO EXPLORE COAL OPPORTUNITIES
COALspot.com - Sakari joints hands with The Royal Group of Companies in Cambodia to explore and develop coal opportunities throughout the country.
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- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Planning Commission, India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
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