Indika to acquire MBSS

IDX-listed energy firm PT Indika Energy Tbk announced that it has on November 2011 entered into an Option Agreement to acquire a majority 51 % stake of PT Mitra Bahtera Segara Sejati (MBSS), an integrated coal transport & logistics services company from Prasatya Family. 

Following the agreement, Indika Energy will conduct a customary due diligence on the shipping and barging company that provides logistics services to Indonesian coal companies as well as international customers. 

“This intended acquisition is in line with our strategic plan to further strengthening the group’s energy value chain to be a leading integrated energy player,” said Arsjad Rasjid, President Director, Indika Energy. “Besides diversifying the Group’s revenue stream, MBSS expertise will also provide complementary business offerings that meet the energy logistics needs of our existing and new customers.”

“This is a significant development for MBSS. We have chosen to partner with Indika Energy because we want to be associated with a credible and growing integrated energy company as well as to ride on the group’s strong growth opportunities,” said MBSS’ J.R. Bing Prasatya. “We are confident that going forward this two companies will derive great synergies from each other’s capability and resources to collectively drive a more robust business pipeline.”

MBSS is Indonesia’s second largest coal transporter and logistics providers with fleet of tugs and barges and transshipment facilities. MBSS is currently conducting business in one stop fully integrated solutions to the logistical needs of the Indonesia coal industries ranging from shore based barge loading facility to the offshore loading of ocean going to vessels. 

MBSS’s stop customers are Adaro Indonesia, Kaltim Prima Coal, Kideco Jaya Agung, Bukit Asam, Arutmin, Berau Coal and Indominco Mandiri. MBSS has transported more than 25 million tones of coal in 2009. Indika Energy is Indonesia ‘s leading integrated energy company through its diversified investments in the areas of energy resources, energy services and energy infrastructure through its strategic investments in the areas of coal production (PT Kideco Jaya Agung);engineering, procurement and construction services (Tripatra); engineering, mining and construction contractor & services (PT Petrosea Tbk) ;and a power generation project (PT Cirebon Electric Power).

Wika and Bara Selaras consortium starts 1st coal shipment to China

Coal trading firm PT Wika Intrade Energi (WIE), a unit of Indonesian listed engineering contractor PT Wijaya Karya Tbk, has started first shipment to China under 1-year contarct with STIG Jaingshu Light and Textile. The company’s operational director Agung Yunanto told Petromindo.Com that the shipment will be carried out using handymax vessel. “This shipment is just a trial to consider using a bigger vessel such as panamax  type in the future,” he said.

                 

The coal is sourced from various South Kalimantan and east Kalimantan coal miners, he said, without naming the miners. He said that WIE is collecting the coal in a consortium with PT. Baja Selaras Mandiri and PT. Sarana Cipta Intinusa. “Baja Selaras Mandiri is making direct contact with the coal miners,” he added.

                 

Under the one-year contract with the Chinese firm, the consortium, which calls itself “bwins”, should supply 2-2.5 million of coal per year. The contract could be extended for another 2 to 3 years to supply around 5 million tonnes of coal per annum, he said

Flame SA (Switzerland) to double 2011 coal import from Indonesia

Switzerland trading firm Flame SA, through its Indonesian coal trading unit PT RST International, is planning to boost coal import from Indonesia toabout 6 million tonnes in 2011 from this year’s target of 3.7 million tonnes, the company’s official told.

The official said that coal import from Indonesia as of October 2010 was more than 3 million. “we don’t have any problem with current unusual rainy season. There coal miners. (There were) only several re-scheduling of coal shipment,” the official said.

Of the 6 million tonnes target, the firm has secured about 3.7 million tonnes from East Kalimantan miners, including PT Bara Jaya Utama, which will provide 1.2 million tonnes under 1-year contract, and PT Adimitra Baratama Nusantara, the official said.

The company had signed a 4-year contract with Adimitra to supply a total of 3.8 million tonnes of coal, starting September 2009. 

“The remaining volume is expected to be supplied by other coal miners,” the official added without giving further details. 

source : Asian Coal Magazine

Trada Maritime to Boost Fleet

Indonesian Stock Exchange-listed shipping company PT Trada Maritime Tbk will buy four Panamax-type vessels next year to boost the company’s transportation service for coal shipment, Bisnis Indonesia reported. 

The company’s chief financial officer Adrian.E Sjamsul said that the company would spent about US$120 million for the four vessels. “ With the purchase of four vessels, we will have panamaxes next year,” he added.

This year, the company bought a Panamaxes vessel with a capacity of 70,000 dead weight ton (DWT) for US$30 million. The purchase is financed by loans from Bank Mandiri. In addition, the company has operated 10 sets of tugs and barges for the coal transportation. The vassel is expectect to arrive in Indonesian water December, he said.

Adrian said that the company was currently increasing the company’s fleet to be able to benefit from the increase in coal shipment both for domestic and export markets.

Kepco seeks coal mine in Indonesia

South Korea state-owned utility Korea Electric Power Corporation (Kepco) is seeking to acquire more coal mines in Indonesia, after successfully acquiring a 20 percent stake in listed coal mining group PT Bayan Resources, the company’s official said. 

Kepco is looking for coal mines with minimum reserve  of 100 million tonnes and a calorific value of above 6,000 kcal/kg (ADB), the official told Petromindo.Com recently.

“We prefer to invest in Kalimantan, which has an infrastructure,” the official said without giving further details.

In July 2010, Kepco bought a 20 percent stake in Bayan for US$515 million to secure its coal supplies. Bayan will supply 2 million tonnes of coal per annum to Kepco starting in 2012 and will increase the supply to 7 million tonnes per annum in 2015. 

In July 2009, kepco acquired a 1.5 percent stake in PT Adaro Energy Tbk, for $56.5 million.