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Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
 * COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
Reuters reported that, Recapital Advisors, an Indonesian investment firm, is nearing an agreement to buy Indonesian coal miner PT Berau Coal for at least $1.3 billion, according to sources familiar with the deal.
Recapital has received a verbal agreement that they are the winning bidder for Indonesia's fifth biggest coal miner, two sources told Reuters, adding the deal could be finalised by the end of the year. Under the deal, Recapital will buy a 51 percent stake from Armadian Tritunggal -- an investment firm controlled by Indonesian businessman Rizal Risjad -- which would trigger the sale of remaining shares in Berau, sources said.
"Yes we are bidding for Berau," Rosan P. Roeslani, president director of Recapital, told Reuters, without confirming that his firm was the winning bidder.
Indonesia is the world's biggest exporter of thermal coal and is a key supplier to North Asia, India and increasingly China. The sources said Recapital is backed by Indonesia's politically-connected Bakrie group, which also owns a big stake in coal miner Bumi Resources, though Roeslani said Recapital was not teaming up with the Bakrie group for the deal.
The sources declined to be identified because the deal was not public. Credit Suisse is advising Recapital, one of the sources said. The sale is being run by Deutsche Bank, Bank of America's Merrill Lynch, and former Merrill banker Sheldon Trainor's PacBridge Capital Partners. TWISTS AND TURNS The deal has seen many twists and turns since it was launched earlier this year. China's Huaneng Power and Indonesia's PT Indika Energy had also submitted bids, sources told Reuters in July.
Thailand's top coal miner Banpu may also have bid for the stake while mining giant Xstrata and Peabody Energy previously expressed interest. Sources said Berau -- Indonesia's fifth-largest coal miner -- has generated strong interest as it is rare for controlling stakes in Indonesian energy firms to be put on the market. The stake offers a steady supply of quality Indonesian thermal coal.
Berau, which has a 1,200 square km (460 sq mile) concession area in East Kalimantan province, produced 13.2 million tonnes of coal in 2008 and aims for production of about 15 million tonnes this year. It sees 2010 output rising 16 percent.
Berau is a joint venture between Tritunggal, Dutch firm dan Rognar Holding B.V. and Japanese firm Sojitz Corp, with Rognar and Sojitz owning 39 percent and 10 percent stakes.
Source: Reuters
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Tuesday, 20 October 09
COAL PRICES TO SURGE IN 2010 DESPITE AMPLE SUPPLY
Commodity Online reported that, Coal prices are indeed destined to go higher as they follow the rise of ‘coal currencies’ such as Austra ...
Tuesday, 20 October 09
INDIA MAY CUT STAKE IN NTPC BY DECEMBER, POWER SECRETARY SAYS
Bloomberg reported that, India’s government may sell a 5 percent stake in NTPC Ltd., the country’s biggest power producer, as early as D ...
Monday, 19 October 09
COAL PRICE UP AGAIN - RICHARDS BAY TERMINAL
Export prices rose 45 cents, or 0.7%, to an average of 64.05 a metric ton in the week ended Oct. 16, according to McCloskey Group.
The week was & ...
Monday, 19 October 09
COAL MINISTRY SEEKS EXPLANATION FROM AP GENCO
The Hindu Business reported that, the Coal Ministry has asked the Power Generation Corporation of Andhra Pradesh (AP Genco) to explain why there was ...
Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
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- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- PTC India Limited - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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