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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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Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime ...
Monday, 13 August 12
5TH VIETNAM PORTS AND LOGISTICS 2012
Press Release - Co-hosted by VINAMARINE, the 5th Vietnam Ports and Logistics2012 will feature dedicated sessions on port and transport infrastructur ...
Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that eve ...
Sunday, 12 August 12
COAL FREIGHT RATES FALL FLAT TO SOFT ON OVERSUPPLY, WEAK DEMAND - VISTAAR SINGAPROE
COALspot.com - The BDI continued its fall 10th August.
This week all segments were down including BDI down by 9.15 pct closing at 774 points .The ...
Saturday, 11 August 12
INDONESIAN COAL REFERENCE PRICE HAS LOST 27.78 PERCENT YOY
COALspot.com - Indonesian HBA fell again in August.
The monthly coal reference price for coal sales this month fell 3.32 percent. HBA fell ...
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- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- GMR Energy Limited - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- The University of Queensland
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Romanian Commodities Exchange
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Minerals Council of Australia
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