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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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Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
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- VISA Power Limited - India
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- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
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- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
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- Power Finance Corporation Ltd., India
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- Sinarmas Energy and Mining - Indonesia
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- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- PTC India Limited - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
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- Sree Jayajothi Cements Limited - India
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- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
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- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- White Energy Company Limited
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
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- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Parliament of New Zealand
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- Global Business Power Corporation, Philippines
- Australian Coal Association
- Marubeni Corporation - India
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- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
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- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
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- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
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- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
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- Madhucon Powers Ltd - India
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- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Economic Council, Georgia
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- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
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