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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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- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- PTC India Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Central Java Power - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
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