We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
 The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara (NNT), local subsidiary of US mining giant Newmont Corp., a minister says.
"We are asking for more *time* to settle several processes... 180 days more," Finance Minister Sri Mulyani Indrawati said in Jakarta on Friday.
Bambang Setiawan, director general of the Energy and Mineral Resources Ministry's division for coal, minerals and geothermal said that based on international arbitration to extend the time of divestment, it would be possible if both parties, the government and NTT, agreed on the matter.
"Our divestment deadline will be on September 27. If there is no deal yet about Newmont stake divestment, we can extend the process until November 2009 just like the divestment deadline of Newmont this year," Bambang said as quoted by Detik.com on Friday.
He assured that the government would finish purchasing the stakes by September 27.
Newmont is required by its contract with the government to submit to the central government, to the regional governments, to state-owned companies or to any local private companies designated by them. This was recently endorsed by an arbitration panel on March that demanded Newmont sell a total 31 percent of its stake in NNT - the operator of the Batu Hijau Mine, Indonesia's second largest copper mine
The Finance Ministry recently has appointed regional governments - West Nusa Tenggara province, Sumbawa Regency and West Sumbawa Regency - to lead the consortium to acquire the remaining 21 percent of shares to be divested by Newmont.
Previously, the three local governments had formed a consortium to acquire the first 10 percent shares in NNT, covering the parts of the stake that were supposed to be divested in 2006 (3 percent) and 2007 (7 percent).
To finance the acquisition of the 10 percent shares for the NTB-led consortium, which will cost US$391 million, the three local governments have chosen PT Multicapital, a subsidiary of Indonesia's biggest mining company PT Bumi Resources, as their partner to facilitate the deal.
No agreement so far has been made between the government and Newmont on the value of the remaining 21 percent shares nor how the government going to come up with the funds for the acquisition.
Last month, State Minister for State Enterprises Sofyan Djalil expressed his full support for state mining company PT Aneka Tambang and coal producer PT Tambang Batubara Bukit Asam (PTBA) to take part in the acquisition through a joint financing with local governments.
Source: The Jakarta Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
|
|
|
Showing 6661 to 6665 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- PTC India Limited - India
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Minerals Council of Australia
- Parliament of New Zealand
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
|
| |
| |
|
