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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
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Planning Commission, India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
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