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Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT  Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty. Ltd., owned 90% by BUMA and 10% by AGDM Investments Pty Ltd, has entered into a conditional agreement with Downer EDI Limited to acquire Downer’s coal mining contractor business currently referred to as Open Cut Mining East business in Australia.
The Conditional Agreement defines a transaction that entails transfer of Mining East’s assets, employees, employee entitlements, and contracts from Downer to BUMA International. Completion of the Transaction, subject to the fulfilment of customary conditions that include, among others, novation of certain contracts, is expected to occur before the end of 2021. Considering the drawdown of Mandiri loan facility in July 2021, BUMA is fully funded to complete this Transaction.
The Mining East business comes with an experienced and highly successful management team in Australia that will supplement capabilities of BUMA and DOID group. The Mining East business has an aggregated production capacity of c.160 million bcm p.a. of overburden removal, of which ~130 million bcm p.a. is contracted, and c.10.5 million tonnes of coal, providing services for both thermal and metallurgical coal concessions. The existing portfolio includes 4 (four) Queensland-based sites owned by world-class customers. In the recent years, Mining East recorded an annual average revenue of approximately A$510 million. Mining East is also pursuing a number of new projects that would facilitate its future growth.
The success of the Transaction shall mark BUMA’s entry into coking coal that serves as the first step towards diversification, and expansion beyond Indonesia. It will provide BUMA and the DOID Group with the ability to tap into future mining opportunities in Indonesia as well as Australia. The Transaction shall be value accretive and will enhance our access to future growth opportunities, the report says.
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- The University of Queensland
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Economic Council, Georgia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
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