The acquisition also marks the IMFA group's initial foray into coal trading abroad. "We hope to get the necessary government approvals within a year. Once the mines are developed, the coal extracted will be used to take up merchant sales in and around Indonesia," a top IMFA group executive said.
August 23, 2008 Indonesia's Indika to acquire five coal mines Indonesian coalmining company Indika Energy inc. planned to acquire five coal mines with a total cost of 500 million, an Indonesian newspaper reported Friday. The vice president of the company Retina Rosabai said that the acquisition aimed at supporting the company's plan to expand business.
The acquisition of Jembayan is expected to double SAR's coal production. Commenting on the move, Richard Ong, CEO of SAR said: "This is a fantastic opportunity for Straits Asia to expand its thermal coal mining business in Indonesia. Jembayan is an outstanding coal mine .
Pulse Mining ERP + Analytics follows acquisition of Kestrel. The AU29 billion acquisition of the Kestrel coal mine from Rio Tinto by a group of investors was quickly followed by news of the Pulse Mining ERP and Pulse Analytics being implemented as the new mine management and reporting system for the Kestrel site...
PT Adaro Energy, Indonesia's largest coal miner by market capitalization, has entered a binding agreement with Melbournebased private equity firm EMR Capital to acquire Rio Tintoa s 80 percent stake in its remaining coal mine in Australia at an estimated transaction value of US billion.
The Indian coal sector: Challenges and future outlook 9 Steel sector Coal is an essential input in the production of steel. In 2011, the world crude steel production reached 1,518 MT, reflecting a growth of % over 2010. The per capita finished steel consumption in 2011 is estimated at 215 kg for world and 460 kg for China,
The company expects that the production capacity of the Merge mine will be increased by approximately Mt annually following the Acquisition, reaching a total annual production capacity of approximate Mt. The Merge mine is the only largescale, mechanised longwall underground coal mine in Indonesia. Additionally, the Merge mine has ...
Indonesia Sumatera and Kalimantan Power Project : environmental impact assessment coal projects : Banjarmasin Mine mouth coal steam power plant (English) Abstract. The environmental impacts of the Sumatera and Kalimantan Power Project can be subdivided into three categories: 1) preconstruction; 2) construction; and 3) post construction.
Indonesian coal royalty increase postponed . The Government of Indonesia has postponed its plan to raise royalties for the country's coal miners as a result of the coal sector's current troubled climate caused primarily by low prices.
Coal continues to be one of the strongest stories in the commodities sector. With news emerging this week that the world's leading producer Coal India is hunting for overseas acquisitions of ...
The IndoMet Coal Project, which was initially referred to by BHP Billiton as the Maruwai coal project, covers five potential coal deposits in East and Central Kalimantan in Indonesia. In .
At the same time, India and China continue to increase the quantity of coal import, particularly for lowcalorific coal through direct purchase, traders or coal mining acquisition in Indonesia, in order to secure the supply requirements of their power plants, not to mention Vietnam which geographically closer to Indonesia, which will also ...
Donesia Coal Mine Acquisition. India Cement acquires coal mines in Indonesia. India Cement acquires coal mines in Indonesia. 16 November 2011 . India Cements has reportedly acquired a coal mine in Indonesia, which is expected to go onstream by January 2012, for US20m.
mining acquisitions in Indonesia since the first wave of mining acquisition in 2002, acquisition of oil and gas company, television companies, chain restaurants and financial institutions; – project finance – our lawyers have the experience in the major project financings in Indonesia especially in the area of power, toll road and mining.
To secure supply and help lower its production costs, the company will set up a coaltrading firm in 2011 and further will seek possibility of coal mine acquisition. 30 percent of overall costs is coal consumption cost. PT. Semen Indonesia (Persero) Tbk acquired Thang Long .
The Indonesian government expects to conclude this month the takeover of a controlling stake in the operator of the country's Grasberg mine, the world's biggest copper and gold mine.
Glencore's coal business in Australia. Glencore is one of Australia's largest coal producers with 13 mining complexes – including 17 operational mines – across New South Wales and Queensland. We employ 7,500 Australians and in 2016 managed the production of nearly 93 million tonnes of thermal and coking coal, predominantly for export.
"The current coal price scenario has presented a challenge to the entire coal mining sector. The proceeds from the sale of Arutmin will provide cash to meet the company's current challenges," said Anil Sardana, managing director of Tata Power. The company also said that Arutmin is a mine that is spread over a number of pits in South Kalimantan in Indonesia.
Iron ore miner NMDC is looking forward to buy Indonesian Coal mine of Shree Renuka Sugars. The company has almost done with its primary investigations and due diligence. NMDC, a statecontrolled mineral producer of the country, has completed due diligence for Indonesian thermal Coal mine owned by Shree Renuka Sugars.
Jakarta. Indonesian miner Adaro Energy expects to double coking coal production at Kestrel Mine in Central Queensland, Australia, in the medium to long term, as part of its plan to become one of the world's largest coking coal producers.
"The acquisition of the Kestrel mine is a significant milestone in Adaro's strategic expansion of its portfolio of metallurgical coal as well as one of its largest investments outside of Indonesia ...