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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
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
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- Romanian Commodities Exchange
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- PTC India Limited - India
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- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
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- Metalloyd Limited - United Kingdom
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- Australian Coal Association
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- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
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- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
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- Minerals Council of Australia
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- Central Electricity Authority - India
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- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
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- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
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- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
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- The State Trading Corporation of India Ltd
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- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
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- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Mercator Lines Limited - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
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- Thai Mozambique Logistica
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- Kohat Cement Company Ltd. - Pakistan
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- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
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- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
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- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
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- Kaltim Prima Coal - Indonesia
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- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
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- Planning Commission, India
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