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Tuesday, 02 August 11
COAL INDIA TO INVEST IN GOLDEN ENERGY MINES
 COALspot.com - Golden Energy Mines, part of PT Dian Swastatika Sentosa Tbk’s, is still negotiating with several strategic investors to off load 30 percent of Golden Energy’s shares. Dian Swastatika is a holder of 10 coal concession with total area of approximately 57 thousand hectares in Indonesia.
Dian Swastatika has several subsidiaries focusing on coal mining such as PT Borneo Indobara, PT Kuansing Inti Makmur, PT Manggala Alam Lestari, PT Nusantara Indah Lestari, PT Wahana Alam Lestari, PT Bara Kencana Sakti, PT Bara Harmonis Batang Asam, PT Kencana Cemerlang Persada, PT Tanjung Belit Bara Utama, PT Berkat Nusantara Permai, PT Nusa Indah Permai, and PT Bungp Bara Utama.
Golden Enery / Dian Swastatika is part of the Sinarmas Group owned by Eka Tjipta Widjaja, who was listed as the richest person in Indonesia in 2010 by Globe Media.
“The negotiation process with several investors is underway,” Hermawan Tarjono, corporate secretary of Dian Swastatika respond against COALspot.com's questions via email. According to market Information, Coal India, The world's largest coal producer is one the potential investor of Golden Energy. Coal India is seeking government approval to buy a 30% stake in an Indonesian coal company, its chairman, N.C. Jha, said last week. "In foreign investments, internal rate of return of 12 percent is not feasible. So we have sought to know whether this guideline for domestic investments still holds for foreign investment," Coal India Chairman N C Jha told reporters.
In last May, Reuters reported that Coal India was going into the further negotiations with Golden Energy Mines to be one of its shareholders, with an acquisition value of approximately equivalent to US$1 billion.
When asked about the interest of Coal India and other several investors, Hermawan Tarjono did not deny it.
According to him, potential investors have completed the due diligence on prospect concessions. “However, we cannot disclose either the number of investors or identity of investors who have conducted and completed due diligence as it may affect the negotiation".
"We set a target to complete it before September 2011,” he added.
PT Dian Swastatika Sentosa Tbk (DSSA), a parent company of coal miner PT Golden Energy Mines that is controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 613.03 percent surge in earning for the first half of this year, as quoted by Insider Stories..
Golden Energy Mines is developing its concession to become a leading coal miner in Indonesia.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com.
Translation - WB
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Wednesday, 20 July 11
ANTWERP RECEIVES THE CAPESIZE MG COURAGE
The deepening of the Western Scheldt has made the port of Antwerp easily accessible not only to Ultra Large Container Ships of over 10,000 TEU but a ...
Wednesday, 20 July 11
KALIMANTAN GOLD APPOINTS COMMISSIONER TO SUBSIDIARY
Kalimantan Gold Corporation Limited has announced the appointment of Dr. Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kali ...
Wednesday, 20 July 11
CHALLENGER GETS TABANG PROJECT IUP PERMIT
COALspot.com - Challenger Deep Resources Corporation has been getting exploration permit or Izin Usaha Pertambangan (IUP) for its Tabang coal in Eas ...
Wednesday, 20 July 11
TCM COAL PROJECT IN SOUTH KALIMANTAN MOVES TO FINAL FEASIBILITY STUDY
COALspot.com - Pan Asia Corporation Ltd has executed a formal agreement with an underground mining group KOPEX to undertake a final feasibilit ...
Wednesday, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
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- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- The University of Queensland
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Planning Commission, India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
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