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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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Wednesday, 25 June 14
INDONESIAN COAL EXPORTS ON RISE; EARNINGS FALL ON LOWER SELLING PRICES
COALspot.com: Indonesia, one of the world's largest coal producer and the global largest multi grade coal exporter shipped around $1.84* ...
Wednesday, 25 June 14
THE PANAMAX MARKET REACHED FRESH LOWS FOR THE YEAR, SAYS INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a slight decrease, but this image of stability is merely representative of freight rat ...
Wednesday, 25 June 14
SHIPPING: MARKET INSIGHT - YANNIS OLZIERSKY
During his recent visit in London, China's Premier, Li Keqiang, announced that China's economy, the world's second largest after the US ...
Tuesday, 24 June 14
INDONESIAN COAL MINER TARGETS RP 313 BILLION IPO
COALspot.com: Indonesian coal miner PT Mitrabara Adiperdana is aiming to raise up to Rp 313 billion to Rp 368 billion (approximately $26.133 millio ...
Monday, 23 June 14
INDONESIAN COAL SWAP FOR Q3 DELIVERY LOST 8.60% Y-O-Y;4.80% M-O-M
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
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- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- McConnell Dowell - Australia
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- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- The University of Queensland
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
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