COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN


* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Capital to advise


Reuters world's largest international multimedia news agency reported that, Indonesian diversified company PT Delta Dunia Petroindo Tbk said on Thursday it has reached an agreement to buy a coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA) for $550 million.

The owners of BUMA had put the company up for sale in May to private equity firms in Asia after failing to sell it in late 2007, sources familiar with the deal said

Mining services companies are struggling with costs amid slowing growth and slumping metal prices, making them ripe for takeovers, industry analysts said.

The sale was in line with a strategy "to increase shareholder value, and to grow revenue through a new mining and contractor platform, leveraging the ripe coal market opportunities in Indonesia," the firm said in a statement.

The firm said the transaction should be completed in the fourth quarter 2009, subject to obtaining shareholder and regulatory approval.

Newspaper Bisnis Indonesia has reported that local private equity group Northstar Pacific had purchased BUMA and that it could be listed through a backdoor listing after the purchase.

Gunawan Angkawibawa, a director at Delta Dunia, declined to comment on whether Northstar Pacific had a role in BUMA's purchase.

Delta Dunia has appointed Barclays Capital to advise on arranging the financing related to the acquisition.

Indonesia, the world's top thermal coal exporter, is expected to produce about 240 million tonnes of coal this year, slightly up from 238 million tonnes last year.
Source:Reuters



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...


Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...


Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions * Expects one deal to be completed by the end of 2009 Reuters world's largest international ...


Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons. Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...


Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009  the steam coal prices sank massive in comparison to the previous years quart ...


   1296 1297 1298 1299 1300   
Showing 6486 to 6490 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • CIMB Investment Bank - Malaysia
  • Antam Resourcindo - Indonesia
  • Kobe Steel Ltd - Japan
  • Star Paper Mills Limited - India
  • Sojitz Corporation - Japan
  • Core Mineral Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Meralco Power Generation, Philippines
  • IOL Indonesia
  • IHS Mccloskey Coal Group - USA
  • Bukit Baiduri Energy - Indonesia
  • Electricity Generating Authority of Thailand
  • Gupta Coal India Ltd
  • Riau Bara Harum - Indonesia
  • Noble Europe Ltd - UK
  • The Treasury - Australian Government
  • Eastern Coal Council - USA
  • Maharashtra Electricity Regulatory Commission - India
  • Holcim Trading Pte Ltd - Singapore
  • Wilmar Investment Holdings
  • Bulk Trading Sa - Switzerland
  • J M Baxi & Co - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • TGV SRAAC LIMITED, India
  • SGS (Thailand) Limited
  • Petrosea - Indonesia
  • Jaiprakash Power Ventures ltd
  • Ministry of Transport, Egypt
  • Indonesia Power. PT
  • Coal Orbis AG
  • Kohat Cement Company Ltd. - Pakistan
  • Sucofindo - Indonesia
  • GMR Energy Limited - India
  • Australian Coal Association
  • Thermax Limited - India
  • Borneo Indobara - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Adaro Indonesia
  • Posco Energy - South Korea
  • Ministry of Mines - Canada
  • Berau Coal - Indonesia
  • Permata Bank - Indonesia
  • Tata Power - India
  • Bhoruka Overseas - Indonesia
  • Coal and Oil Company - UAE
  • Coalindo Energy - Indonesia
  • Semirara Mining Corp, Philippines
  • New Zealand Coal & Carbon
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Singapore Mercantile Exchange
  • Cemex - Philippines
  • Tamil Nadu electricity Board
  • Qatrana Cement - Jordan
  • CESC Limited - India
  • Thailand Anthracite
  • Samsung - South Korea
  • PLN Batubara - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • TeaM Sual Corporation - Philippines
  • Barasentosa Lestari - Indonesia
  • World Bank
  • Vijayanagar Sugar Pvt Ltd - India
  • Carbofer General Trading SA - India
  • Oldendorff Carriers - Singapore
  • Japan Coal Energy Center
  • TRAFIGURA, South Korea
  • Chettinad Cement Corporation Ltd - India
  • WorleyParsons
  • Samtan Co., Ltd - South Korea
  • Bangkok Bank PCL
  • Deutsche Bank - India
  • Independent Power Producers Association of India
  • Thriveni
  • London Commodity Brokers - England
  • Price Waterhouse Coopers - Russia
  • Merrill Lynch Bank
  • Agrawal Coal Company - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Platts
  • Straits Asia Resources Limited - Singapore
  • World Coal - UK
  • Fearnleys - India
  • Kapuas Tunggal Persada - Indonesia
  • Coastal Gujarat Power Limited - India
  • Videocon Industries ltd - India
  • Formosa Plastics Group - Taiwan
  • PetroVietnam
  • CCIC - Indonesia
  • KPMG - USA
  • Kideco Jaya Agung - Indonesia
  • KPCL - India
  • IMC Shipping - Singapore
  • PTC India Limited - India
  • Indian Energy Exchange, India
  • Electricity Authority, New Zealand
  • Xstrata Coal
  • bp singapore
  • Coaltrans Conferences
  • Shenhua Group - China
  • Russian Coal LLC
  • APGENCO India
  • CNBM International Corporation - China
  • Maruti Cements - India
  • HSBC - Hong Kong
  • Pipit Mutiara Jaya. PT, Indonesia
  • Grasim Industreis Ltd - India
  • Mercator Lines Limited - India
  • Power Finance Corporation Ltd., India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Vizag Seaport Private Limited - India
  • Tata Chemicals Ltd - India
  • Wood Mackenzie - Singapore
  • Interocean Group of Companies - India
  • San Jose City I Power Corp, Philippines
  • Manunggal Multi Energi - Indonesia
  • Merrill Lynch Commodities Europe
  • Maybank - Singapore
  • Mintek Dendrill Indonesia
  • Aditya Birla Group - India
  • Gresik Semen - Indonesia
  • Platou - Singapore
  • Xindia Steels Limited - India
  • Bukit Makmur.PT - Indonesia
  • Peabody Energy - USA
  • Kalimantan Lumbung Energi - Indonesia
  • Banpu Public Company Limited - Thailand
  • GAC Shipping (India) Pvt Ltd
  • GB Group - China
  • Commonwealth Bank - Australia
  • Mitsubishi Corporation
  • Economic Council, Georgia
  • Gujarat Electricity Regulatory Commission - India
  • GNFC Limited - India
  • Arutmin Indonesia
  • ETA - Dubai
  • Credit Suisse - India
  • Bharathi Cement Corporation - India
  • IBC Asia (S) Pte Ltd
  • Sinarmas Energy and Mining - Indonesia
  • EIA - United States
  • Vitol - Bahrain
  • Siam City Cement - Thailand
  • Minerals Council of Australia
  • Sindya Power Generating Company Private Ltd
  • Jatenergy - Australia
  • Indogreen Group - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Pendopo Energi Batubara - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • PLN - Indonesia
  • Altura Mining Limited, Indonesia
  • Africa Commodities Group - South Africa
  • Clarksons - UK
  • Vedanta Resources Plc - India
  • Lafarge - France
  • The State Trading Corporation of India Ltd
  • Simpson Spence & Young - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Sakthi Sugars Limited - India
  • Tanito Harum - Indonesia
  • Humpuss - Indonesia
  • Malco - India
  • Toyota Tsusho Corporation, Japan
  • Kartika Selabumi Mining - Indonesia
  • CoalTek, United States
  • European Bulk Services B.V. - Netherlands
  • Petrochimia International Co. Ltd.- Taiwan
  • SMG Consultants - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • Maersk Broker
  • Asia Cement - Taiwan
  • South Luzon Thermal Energy Corporation
  • Gujarat Sidhee Cement - India
  • JPower - Japan
  • Sarangani Energy Corporation, Philippines
  • McConnell Dowell - Australia
  • Cigading International Bulk Terminal - Indonesia
  • Central Java Power - Indonesia
  • Anglo American - United Kingdom
  • Inspectorate - India
  • Binh Thuan Hamico - Vietnam
  • Indian Oil Corporation Limited
  • Planning Commission, India
  • Larsen & Toubro Limited - India
  • Indian School of Mines
  • SASOL - South Africa
  • Heidelberg Cement - Germany
  • Indika Energy - Indonesia
  • White Energy Company Limited
  • Georgia Ports Authority, United States
  • MS Steel International - UAE
  • Parry Sugars Refinery, India
  • Sree Jayajothi Cements Limited - India
  • Eastern Energy - Thailand
  • Bank of China, Malaysia
  • Orica Australia Pty. Ltd.
  • Semirara Mining and Power Corporation, Philippines
  • BNP Paribas - Singapore
  • NALCO India
  • Trasteel International SA, Italy
  • GN Power Mariveles Coal Plant, Philippines
  • Panama Canal Authority
  • Mitsui
  • JPMorgan - India
  • Bhushan Steel Limited - India
  • PNOC Exploration Corporation - Philippines
  • RBS Sempra - UK
  • ICICI Bank Limited - India
  • Therma Luzon, Inc, Philippines
  • Enel Italy
  • Port Waratah Coal Services - Australia
  • Rio Tinto Coal - Australia
  • Standard Chartered Bank - UAE
  • U S Energy Resources
  • Ministry of Finance - Indonesia
  • Coeclerici Indonesia
  • The University of Queensland
  • GVK Power & Infra Limited - India
  • Makarim & Taira - Indonesia
  • UBS Singapore
  • IEA Clean Coal Centre - UK
  • Aboitiz Power Corporation - Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • MEC Coal - Indonesia
  • Energy Link Ltd, New Zealand
  • Orica Mining Services - Indonesia
  • Vale Mozambique
  • Medco Energi Mining Internasional
  • UOB Asia (HK) Ltd
  • SMC Global Power, Philippines
  • Global Coal Blending Company Limited - Australia
  • Cebu Energy, Philippines
  • Iligan Light & Power Inc, Philippines
  • Metalloyd Limited - United Kingdom
  • ASAPP Information Group - India
  • Kepco SPC Power Corporation, Philippines
  • Deloitte Consulting - India
  • Mercuria Energy - Indonesia
  • Bhatia International Limited - India
  • Latin American Coal - Colombia
  • Indo Tambangraya Megah - Indonesia
  • Malabar Cements Ltd - India
  • Billiton Holdings Pty Ltd - Australia
  • Intertek Mineral Services - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Edison Trading Spa - Italy
  • LBH Netherlands Bv - Netherlands
  • OCBC - Singapore
  • Uttam Galva Steels Limited - India
  • EMO - The Netherlands
  • Coal India Limited
  • Goldman Sachs - Singapore
  • DBS Bank - Singapore
  • KOWEPO - South Korea
  • Asian Development Bank
  • Madhucon Powers Ltd - India
  • Runge Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Adani Power Ltd - India
  • Romanian Commodities Exchange
  • Shree Cement - India
  • Ambuja Cements Ltd - India
  • Thai Mozambique Logistica
  • Marubeni Corporation - India
  • Indonesian Coal Mining Association
  • Cargill India Pvt Ltd
  • Reliance Power - India
  • Neyveli Lignite Corporation Ltd, - India
  • SN Aboitiz Power Inc, Philippines
  • SUEK AG - Indonesia
  • Central Electricity Authority - India
  • McKinsey & Co - India
  • Glencore India Pvt. Ltd
  • Miang Besar Coal Terminal - Indonesia
  • Essar Steel Hazira Ltd - India
  • NTPC Limited - India
  • Idemitsu - Japan
  • Indorama - Singapore
  • Ernst & Young Pvt. Ltd.
  • Karaikal Port Pvt Ltd - India
  • TANGEDCO India
  • Attock Cement Pakistan Limited
  • GHCL Limited - India
  • Jindal Steel & Power Ltd - India
  • Petron Corporation, Philippines
  • International Coal Ventures Pvt Ltd - India
  • Timah Investasi Mineral - Indoneisa
  • BRS Brokers - Singapore
  • Bank of America
  • Infraline Energy - India
  • Jorong Barutama Greston.PT - Indonesia
  • Mechel - Russia
  • Parliament of New Zealand
  • Ind-Barath Power Infra Limited - India
  • VISA Power Limited - India
  • Mitra SK Pvt Ltd - India
  • Arch Coal - USA
  • Surastha Cement
  • Ince & co LLP
  • OPG Power Generation Pvt Ltd - India
  • Maheswari Brothers Coal Limited - India
  • Freeport Indonesia
  • SRK Consulting
  • Global Green Power PLC Corporation, Philippines
  • Directorate Of Revenue Intelligence - India
  • Thiess Contractors Indonesia
  • Renaissance Capital - South Africa
  • KEPCO - South Korea
  • Cosco
  • Leighton Contractors Pty Ltd - Australia
  • Mjunction Services Limited - India
  • Salva Resources Pvt Ltd - India
  • Argus Media - Singapore
  • Meenaskhi Energy Private Limited - India
  • Inco-Indonesia
  • TNPL - India
  • Ceylon Electricity Board - Sri Lanka
  • Energy Development Corp, Philippines
  • Moodys - Singapore
  • Baramulti Group, Indonesia
  • Pinang Coal Indonesia
  • PowerSource Philippines DevCo
  • Rudhra Energy - India
  • Kobexindo Tractors - Indoneisa
  • Chamber of Mines of South Africa
  • Barclays Capital - USA
  • Australian Commodity Traders Exchange
  • Bangladesh Power Developement Board
  • ING Bank NV - Singapore
  • The India Cements Ltd
  • Savvy Resources Ltd - HongKong
  • Geoservices-GeoAssay Lab
  • ACC Limited - India
  • Kumho Petrochemical, South Korea
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Sical Logistics Limited - India
  • Dalmia Cement Bharat India
  • Rashtriya Ispat Nigam Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Cardiff University - UK
  • ANZ Bank - Australia
  • Siam City Cement PLC, Thailand
  • Cement Manufacturers Association - India
  • Thomson Reuters GRC
  • Britmindo - Indonesia
  • Lanco Infratech Ltd - India
  • Global Business Power Corporation, Philippines
  • Total Coal South Africa
  • India Bulls Power Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • globalCOAL - UK
  • Directorate General of MIneral and Coal - Indonesia