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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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Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry th ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
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- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Chamber of Mines of South Africa
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- Indian Oil Corporation Limited
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- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
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- VISA Power Limited - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Planning Commission, India
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- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
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- Ministry of Finance - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Price Waterhouse Coopers - Russia
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- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
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- Global Business Power Corporation, Philippines
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- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
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- Xindia Steels Limited - India
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- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
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- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
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- Ministry of Transport, Egypt
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
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- Eastern Energy - Thailand
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