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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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Saturday, 11 August 12
SUB-BIT INDONESIA COAL SWAPS SEEN MOVING IN THE RIGHT DIRECTION
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.29 percent W-o-W on Friday (10 August 2012) closing but lost 1 ...
Friday, 10 August 12
DRY BULK MARKET DROWNING FROM TONNAGE OVERSUPPLY - HELLENIC SHIPPING
The dry bulk market has been overflowing with new building vessels, despite the fact that demand is more or less (and minus the seasonal factors) ri ...
Thursday, 09 August 12
3RD ANNUAL SHALE GAS
Press Release - With the North American shale gas boom, IBC’s 3rd Annual Shale Gas explores optimal strategies to monetize Asia’s domest ...
Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 milli ...
Tuesday, 07 August 12
2ND ANNUAL FLOATING TERMINALS
Press Release - After a ground breaking and successful launch in 2011, the 2nd Annual Floating Terminals conferenceis back to address innovation, co ...
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- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Australian Coal Association
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
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