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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
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