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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, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
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- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
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- Global Coal Blending Company Limited - Australia
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- Mintek Dendrill Indonesia
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- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
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- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
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- Thai Mozambique Logistica
- Baramulti Group, Indonesia
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- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
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- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
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- PowerSource Philippines DevCo
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- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
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- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Planning Commission, India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
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- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
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- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
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