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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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Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
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- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
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