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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 $70 this year, he said.
Coal producers in Indonesia, the world’s largest exporter of power-station coal, produced 72 million metric tons of the fuel in the first six months of the year, or 31 percent of this year’s output target of 230 million tons.
Armadian is in talks with Recapital Advisors, backed by the Bakrie family, about the Berau Coal stake, the people said.
Handy Soetedjo, director of Armadian, declined to comment. Lalu Mara Satria Wangsa, a spokesman for the Bakrie group, didn’t immediately respond to a phone call seeking comment.
Holding company PT Bakrie and Brothers is the biggest shareholder of PT Bumi Resources, Indonesia’s largest coal producer.
Kamandanu said in May that the company hired bankers to review its assets for a possible share sale. In an interview on Tuesday, Kamandanu said he couldn’t comment on the status of bidding, adding that Armadian “is trying to finalize all the details.”
Deutsche Bank AG, Bank of America’s Merrill Lynch and PacBridge Capital Partners were hired to review the company’s assets, according to the people.
Officials at the investment banks declined to comment.
Source: The Jakarta Globe
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Australian Coal Association
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
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