We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 13 August 11
GMR HAS ENTERED INTO CSPA WITH GEMS TO ACQUIRE 30% STAKE
COALspot.com - GMR Infrastructure Investments (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure, has signed conditional sale and purchase agreement (CSPA) to acquire a 30 percent stake in PT Golden Energy Mines, a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) on 11 August 2011.
This transaction is subject to the fulfillment of several conditions and is expected to close in calendar 2011, including but not limited to the approvals of the general meeting of the shareholders and the listing of GEMS’s shares in the Indonesian Stock Exchange, said Hermawan Tarjono, corporate secretary of DSSA, when interviewed by COALspot.com.
The acquisition value is in the range of USD 450 million to USD 550 million. The value can be anticipated only while nearing to the transaction closing. The transaction will be closed once the GEMS’s shares are listed in Indonesian stock exchange and the IPO which is expected around fourth quarter of the year. The 30% share purchase will be done by combination of strategic sale and IPO purchase which is under negotiation, according to Hermawan Tarjono.
Once the transaction is closed, GMR will participate in the GEMS’s Management as the GEMS is proliferating and becomes more professionally managed, he added.
GEMS, a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA), owns four producing and six non-producing thermal coal concessions in Sumatra, South Kalimantan and Central Kalimantan.
GEMS is targeting to produce 6-8 million tonnes of coal this year
GMR Infrastructure Ltd has already invested in a coal mine located in South Sumatra. The company brought PT Barasentosa Lestari (PT BSL) early 2009 for around US$ 80 million. The mine is estimate to have reserves of 100 million tonnes.
To contact the reporter responsible on this story - Efendi at efendi@coalspot.com
Translated by - WB
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 03 September 11
FEW SHIPS REPORTED FIXED FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued the upward trend during last week with BDI up by about 13 pct closing at 1,740 points and cape index up ...
Saturday, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/- 5 percent of non-coking imported coal with ...
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...
Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...
Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...
|
|
|
Showing 5106 to 5110 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- The University of Queensland
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
|
| |
| |
|