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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Deloitte Consulting - India
- The University of Queensland
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Economic Council, Georgia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
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