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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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Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...
Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...
Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think.
But power major NTPC Ltd is finding that this year’s coal is not yie ...
Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...
Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...
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- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Planning Commission, India
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
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