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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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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- Minerals Council of Australia
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- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
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- Energy Development Corp, Philippines
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- The State Trading Corporation of India Ltd
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- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Economic Council, Georgia
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- Ministry of Mines - Canada
- SMG Consultants - Indonesia
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- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
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- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Australian Coal Association
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- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
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- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- PTC India Limited - India
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
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- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
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- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
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- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Sinarmas Energy and Mining - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
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- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
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- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
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- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
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- Baramulti Group, Indonesia
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- Global Green Power PLC Corporation, Philippines
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