We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
Tuesday, 05 July 11
UNTR REVISES UP SALES TO 7,500 UNITS - INSIDER STORIES
PT United Tractors Tbk (UNTR), distributor of Komatsu heavy equipment and parent of PT Pamapersada Nusantara, has revised up its equipment sales tar ...
|
|
|
Showing 5201 to 5205 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
|
| |
| |
|
