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Friday, 04 July 14
PARAM MITRA COAL RESOURCES SECURES US$ 7.5M INVESTMENT FROM TEMBUSU PARTNERS
 Param Mitra Coal Resources Pte Ltd (“PMCR”), which owns two operating coal mines in Indonesia, has secured from Singapore private equity investor, Tembusu Partners Pte Ltd (“Tembusu”), an investment of US$ 7.5 million out of the US$ 20 million investment underwritten in January 2014 by The Islamic Bank of Asia (“IB Asia”).
With a proven track record of investing in growth companies across Asia, Tembusu seeks to complement IB Asia to extend its expertise and network to accelerate PMCR’s business growth. PMCR is the eighth investment made under Tembusu’s Growth Fund II.
PMCR’s Kalimantan mines have a resource base of approximately 500 million metric tonnes (“MT”) (JORC-certified) and plans to ramp up production to approximately 5 million MT per year within the next three years in preparation for an eventual IPO.
Singapore-registered PMCR, backed and managed by the Sindhu family – which owns leading India-based coal, logistics and power player Sainik-Aryan Group – has invested over US$ 50 million to date to develop the Indonesian coal assets and infrastructure and expand production.
Leveraging on the fast-growing energy requirements across Asia and the management’s rich experience in the coal mining, logistics and power generation business, PMRC has secured offtake arrangements with Indonesian and Indian clients.
Mr. Dev Sindhu, Chief Executive Officer of PMCR, said, “The backing of IB Asia and Tembusu – two reputable Singapore institutions – validates PMCR’s business strategy amidst rising interest in the Indonesian coal sector. We endeavour to develop PMCR as an integrated player in the coal mining sector, focusing on developing a complete solution for all services, from pit to port, under one umbrella. Our integrated service model and direct linkages with end-users ensure the viability and sustainability of its business which will in turn create and enhance value for all stakeholders.”
Mr. Harish Parameswar, Managing Director of IB Asia, said, “As a merchant bank focused on private equity and investment banking, IB Asia is working with key business partners to bridge opportunities in the India-Singapore-Indonesia growth triangle.”
Mr. Andy Lim, Founder and Chairman of Tembusu, said, “As a pan-Asian fund backing fast growing entrepreneurial companies, Tembusu looks forward to partnering IB Asia and the management team in building PMCR as a leading integrated platform connecting Indonesia’s vast coal resource base and India’s fast growing energy needs, with a view to IPO in an attractive Asian listing location such as Singapore.”
Source: Tembusu Partners Pte Ltd
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Monday, 30 June 14
INDO - INDIA FREIGHT RATES CONTINUE TO WEAK
COALspot.com: The latest dry Index shows that average all-in spot freight declined, the Panamax and Supramax slipping by 9.11 percent and 4% respec ...
Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ...
Thursday, 26 June 14
PANAMAX : A PACIFIC ROUND PAYS AROUND US$ 3K DAILY - FEARNLEYS AS
Handy
In the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to US$ 5,500 ...
Thursday, 26 June 14
KOMIPO INVITES BIDS FOR TOTAL 750K MT OF BITUMINOUS COAL FOR 3CY
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) has issued a new tender for supply of total 250,000 MT of bituminous co ...
Thursday, 26 June 14
COAL DIVESTMENT CAMPAIGNS COME WITH RISKY UNINTENDED CONSEQUENCES - WCA
Last week I presented to the Expert Group on investments in coal and petroleum companies, the body set up to advise the Norwegian Government on whe ...
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- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- White Energy Company Limited
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- PTC India Limited - India
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
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