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Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
 The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the matter said.
PT Armadian Tritunggal is in advanced talks to sell 90 percent of Berau Coal, the people said, asking not to be identified because the discussions are private.
Armadian is seeking about $1.3 billion for the stake, one of the people said.
Berau Coal’s profit may more than double this year to $180 million, president director Bob Kamandanu said last month.
Benchmark coal prices may average $80 a metric ton next year compared with an estimated $70 this year, he said.
Coal producers in Indonesia, the world’s largest exporter of power-station coal, produced 72 million metric tons of the fuel in the first six months of the year, or 31 percent of this year’s output target of 230 million tons.
Armadian is in talks with Recapital Advisors, backed by the Bakrie family, about the Berau Coal stake, the people said.
Handy Soetedjo, director of Armadian, declined to comment. Lalu Mara Satria Wangsa, a spokesman for the Bakrie group, didn’t immediately respond to a phone call seeking comment.
Holding company PT Bakrie and Brothers is the biggest shareholder of PT Bumi Resources, Indonesia’s largest coal producer.
Kamandanu said in May that the company hired bankers to review its assets for a possible share sale. In an interview on Tuesday, Kamandanu said he couldn’t comment on the status of bidding, adding that Armadian “is trying to finalize all the details.”
Deutsche Bank AG, Bank of America’s Merrill Lynch and PacBridge Capital Partners were hired to review the company’s assets, according to the people.
Officials at the investment banks declined to comment.
Source: The Jakarta Globe
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Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
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- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
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- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
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- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
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- Independent Power Producers Association of India
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- Edison Trading Spa - Italy
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- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
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- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
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- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
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- Romanian Commodities Exchange
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- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
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- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
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- Gujarat Electricity Regulatory Commission - India
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- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Latin American Coal - Colombia
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- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
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- Toyota Tsusho Corporation, Japan
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- Altura Mining Limited, Indonesia
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- LBH Netherlands Bv - Netherlands
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- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
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- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
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- Planning Commission, India
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- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
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- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
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- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Siam City Cement PLC, Thailand
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- Commonwealth Bank - Australia
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- Merrill Lynch Commodities Europe
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- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
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- Wilmar Investment Holdings
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- Semirara Mining and Power Corporation, Philippines
- Coal and Oil Company - UAE
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