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Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough International Singapore Pte. Ltd. With an amount of US$83.8 million, Indika Energy has now own 81.95% stake in Petrosea.
In a press release sent to TAMBANG Magazine on 6 July 2009, Indika Energy stated that the close of this transaction would enable it to leverage Petrosea's capabilities in engineering construction, mine operation and offshore logistics. Furthermore, it would strengthen Petrosea's foothold in the energy sector in the areas of resource, services, and infrastructure.
With its strong financials fundamental and market leadership, Indika Energy is confident to provide Petrosea with a stronger position to realise its growth target and create satisfactory return on equity.
Arsjad Rasjid, President Director of Indika Energy, explained the next step they are going to take immediately. "The immediate next steps for us is for the two management teams to map out our growth plans based on our strategic intent. We will draw on each other's strengths, capabilities and expertise to grow, as well as conduct a gap analysis to identify and close the gaps of our weaker areas to strengthen our positions," he said.
The acquisition of Petrosea has previously gained approval from Indika Energy's shareholders, as well as from the regulators. Furthermore, Indika Energy would make the mandatory tender offer for shares held by minority shareholders, pursuant to the prevailing laws and regulations.
Source: Tambang
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Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- White Energy Company Limited
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
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