Insight
Indika doubles stake in Kideco for US$678 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Indika Energy has announced an agreement with Samtan and Muji Inti Utama to acquire a combined 45% interest in Kideco Jaya Agung for US$678 million. The proposed acquisition would double Indika's output and propel it to become Indonesia's third largest coal producer with over 32 million tonnes coal production in 2018. Samtan's divestment of 40% ownership will leave it with a 9% equity holding in Kideco, although it will continue to be engaged in mining services via Samindo Resources.
Table of contents
- Deal Summary
-
Deal Analysis
- Valuation summary
- Asset summary
- Strategic rationale, upside and key risks
Tables and charts
This report includes the following images and tables:
- Key facts
- Economic assumptions
- Map of Kideco operations
- Pro-forma production profile (thermal coal), attr.
- Pro-forma production profile (by coal type and market), attr.
- Indika doubles stake in Kideco for US$678 million: Table 3
- Deal summary
- Deal implied long-term benchmark thermal coal export coal prices vs. Newcastle export thermal coal spot price
What's included
This report contains:
Other reports you may be interested in
Insight
Global oil cost curves and pre-FID breakevens - H1 2025
Deepwater developments are becoming more competitive, driven by new production in Latin America
$1,350
Insight
Geothermal Market Update Q1 2025
Geothermal growth continues, fueled by rising policy support and investment despite geopolitical uncertainties.
$1,250
Country Report
Illinois Basin coal supply summary
Coal output in ILB will fall by 40% by 2040, but exports will double.
$6,750
