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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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Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India
...
Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...
Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...
Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...
Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
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- PTC India Limited - India
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Australian Coal Association
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Minerals Council of Australia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- The University of Queensland
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
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