COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...


Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...


Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...


Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...


Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...


   1023 1024 1025 1026 1027   
Showing 5121 to 5125 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Coaltrans Conferences
  • SN Aboitiz Power Inc, Philippines
  • Indogreen Group - Indonesia
  • Core Mineral Indonesia
  • The Treasury - Australian Government
  • ING Bank NV - Singapore
  • IEA Clean Coal Centre - UK
  • Indonesia Power. PT
  • PowerSource Philippines DevCo
  • Bhoruka Overseas - Indonesia
  • Aditya Birla Group - India
  • Bukit Makmur.PT - Indonesia
  • Renaissance Capital - South Africa
  • Ind-Barath Power Infra Limited - India
  • PetroVietnam
  • Argus Media - Singapore
  • RBS Sempra - UK
  • Agrawal Coal Company - India
  • Mjunction Services Limited - India
  • GMR Energy Limited - India
  • Star Paper Mills Limited - India
  • Semirara Mining Corp, Philippines
  • Bulk Trading Sa - Switzerland
  • Idemitsu - Japan
  • Larsen & Toubro Limited - India
  • Ince & co LLP
  • Kalimantan Lumbung Energi - Indonesia
  • Coal India Limited
  • NALCO India
  • Bank of America
  • Maersk Broker
  • Maruti Cements - India
  • BRS Brokers - Singapore
  • McKinsey & Co - India
  • Interocean Group of Companies - India
  • Tanito Harum - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Rio Tinto Coal - Australia
  • Simpson Spence & Young - Indonesia
  • Arch Coal - USA
  • Sical Logistics Limited - India
  • The State Trading Corporation of India Ltd
  • Clarksons - UK
  • Pinang Coal Indonesia
  • Asian Development Bank
  • Uttam Galva Steels Limited - India
  • Indonesian Coal Mining Association
  • Intertek Mineral Services - Indonesia
  • Thailand Anthracite
  • JPower - Japan
  • Reliance Power - India
  • HSBC - Hong Kong
  • Mitsui
  • Sarangani Energy Corporation, Philippines
  • Cardiff University - UK
  • IOL Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Thomson Reuters GRC
  • Infraline Energy - India
  • Ministry of Transport, Egypt
  • ETA - Dubai
  • ICICI Bank Limited - India
  • globalCOAL - UK
  • Medco Energi Mining Internasional
  • Leighton Contractors Pty Ltd - Australia
  • AsiaOL BioFuels Corp., Philippines
  • Enel Italy
  • Xstrata Coal
  • International Coal Ventures Pvt Ltd - India
  • Electricity Authority, New Zealand
  • Goldman Sachs - Singapore
  • Commonwealth Bank - Australia
  • Bangladesh Power Developement Board
  • Economic Council, Georgia
  • GHCL Limited - India
  • Credit Suisse - India
  • Central Java Power - Indonesia
  • WorleyParsons
  • Xindia Steels Limited - India
  • SGS (Thailand) Limited
  • ACC Limited - India
  • Ernst & Young Pvt. Ltd.
  • Heidelberg Cement - Germany
  • Qatrana Cement - Jordan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Singapore Mercantile Exchange
  • Global Green Power PLC Corporation, Philippines
  • Thiess Contractors Indonesia
  • The India Cements Ltd
  • SMG Consultants - Indonesia
  • Mintek Dendrill Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Directorate Of Revenue Intelligence - India
  • Adani Power Ltd - India
  • Vedanta Resources Plc - India
  • Bhushan Steel Limited - India
  • CESC Limited - India
  • Bhatia International Limited - India
  • Wilmar Investment Holdings
  • IBC Asia (S) Pte Ltd
  • Vitol - Bahrain
  • TANGEDCO India
  • SUEK AG - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Toyota Tsusho Corporation, Japan
  • Barclays Capital - USA
  • KEPCO - South Korea
  • Mitra SK Pvt Ltd - India
  • Edison Trading Spa - Italy
  • Energy Development Corp, Philippines
  • Straits Asia Resources Limited - Singapore
  • Cosco
  • Jatenergy - Australia
  • Jindal Steel & Power Ltd - India
  • Freeport Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Semirara Mining and Power Corporation, Philippines
  • BNP Paribas - Singapore
  • Thai Mozambique Logistica
  • PLN Batubara - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • SRK Consulting
  • Essar Steel Hazira Ltd - India
  • London Commodity Brokers - England
  • OCBC - Singapore
  • Dalmia Cement Bharat India
  • Malabar Cements Ltd - India
  • Tamil Nadu electricity Board
  • Berau Coal - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Merrill Lynch Bank
  • Holcim Trading Pte Ltd - Singapore
  • McConnell Dowell - Australia
  • Russian Coal LLC
  • UOB Asia (HK) Ltd
  • KOWEPO - South Korea
  • Jaiprakash Power Ventures ltd
  • Britmindo - Indonesia
  • Coeclerici Indonesia
  • The University of Queensland
  • Binh Thuan Hamico - Vietnam
  • Makarim & Taira - Indonesia
  • Baramulti Group, Indonesia
  • JPMorgan - India
  • Romanian Commodities Exchange
  • J M Baxi & Co - India
  • Karbindo Abesyapradhi - Indoneisa
  • Sindya Power Generating Company Private Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • New Zealand Coal & Carbon
  • Runge Indonesia
  • Indian Oil Corporation Limited
  • GB Group - China
  • Eastern Energy - Thailand
  • Kartika Selabumi Mining - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Marubeni Corporation - India
  • Inspectorate - India
  • Coal Orbis AG
  • Shenhua Group - China
  • Kohat Cement Company Ltd. - Pakistan
  • Sucofindo - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • MEC Coal - Indonesia
  • Altura Mining Limited, Indonesia
  • Bharathi Cement Corporation - India
  • CNBM International Corporation - China
  • GNFC Limited - India
  • Moodys - Singapore
  • Meralco Power Generation, Philippines
  • TeaM Sual Corporation - Philippines
  • Barasentosa Lestari - Indonesia
  • White Energy Company Limited
  • Australian Commodity Traders Exchange
  • Mechel - Russia
  • Neyveli Lignite Corporation Ltd, - India
  • Japan Coal Energy Center
  • Vizag Seaport Private Limited - India
  • TNPL - India
  • Aboitiz Power Corporation - Philippines
  • Lanco Infratech Ltd - India
  • Peabody Energy - USA
  • Price Waterhouse Coopers - Russia
  • Bukit Baiduri Energy - Indonesia
  • Fearnleys - India
  • Inco-Indonesia
  • Glencore India Pvt. Ltd
  • Petron Corporation, Philippines
  • PLN - Indonesia
  • Chamber of Mines of South Africa
  • Karaikal Port Pvt Ltd - India
  • Mercuria Energy - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Kaltim Prima Coal - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • KPCL - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • GVK Power & Infra Limited - India
  • Coastal Gujarat Power Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Malco - India
  • Iligan Light & Power Inc, Philippines
  • Orica Australia Pty. Ltd.
  • CoalTek, United States
  • Antam Resourcindo - Indonesia
  • CCIC - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • bp singapore
  • India Bulls Power Limited - India
  • Cement Manufacturers Association - India
  • Sinarmas Energy and Mining - Indonesia
  • Posco Energy - South Korea
  • U S Energy Resources
  • Madhucon Powers Ltd - India
  • Siam City Cement PLC, Thailand
  • Deloitte Consulting - India
  • Jorong Barutama Greston.PT - Indonesia
  • Eastern Coal Council - USA
  • Electricity Generating Authority of Thailand
  • Kumho Petrochemical, South Korea
  • Geoservices-GeoAssay Lab
  • SMC Global Power, Philippines
  • Mercator Lines Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Planning Commission, India
  • Independent Power Producers Association of India
  • Indorama - Singapore
  • KPMG - USA
  • Riau Bara Harum - Indonesia
  • ANZ Bank - Australia
  • NTPC Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Samtan Co., Ltd - South Korea
  • Indian Energy Exchange, India
  • Mitsubishi Corporation
  • Central Electricity Authority - India
  • Total Coal South Africa
  • Ceylon Electricity Board - Sri Lanka
  • IMC Shipping - Singapore
  • Chettinad Cement Corporation Ltd - India
  • Kideco Jaya Agung - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Orica Mining Services - Indonesia
  • Grasim Industreis Ltd - India
  • TGV SRAAC LIMITED, India
  • Energy Link Ltd, New Zealand
  • Parliament of New Zealand
  • South Luzon Thermal Energy Corporation
  • MS Steel International - UAE
  • Gujarat Electricity Regulatory Commission - India
  • Meenaskhi Energy Private Limited - India
  • Shree Cement - India
  • Tata Chemicals Ltd - India
  • Latin American Coal - Colombia
  • Thriveni
  • EIA - United States
  • San Jose City I Power Corp, Philippines
  • DBS Bank - Singapore
  • Australian Coal Association
  • Billiton Holdings Pty Ltd - Australia
  • Asmin Koalindo Tuhup - Indonesia
  • Metalloyd Limited - United Kingdom
  • Ambuja Cements Ltd - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Ministry of Mines - Canada
  • World Bank
  • Humpuss - Indonesia
  • Oldendorff Carriers - Singapore
  • Parry Sugars Refinery, India
  • Manunggal Multi Energi - Indonesia
  • Surastha Cement
  • Wood Mackenzie - Singapore
  • CIMB Investment Bank - Malaysia
  • Rudhra Energy - India
  • OPG Power Generation Pvt Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • Adaro Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Tata Power - India
  • Global Business Power Corporation, Philippines
  • Therma Luzon, Inc, Philippines
  • Platts
  • Asia Cement - Taiwan
  • Panama Canal Authority
  • Anglo American - United Kingdom
  • Gupta Coal India Ltd
  • PetroVietnam Power Coal Import and Supply Company
  • Salva Resources Pvt Ltd - India
  • Bank of China, Malaysia
  • Samsung - South Korea
  • Coalindo Energy - Indonesia
  • Carbofer General Trading SA - India
  • Africa Commodities Group - South Africa
  • Borneo Indobara - Indonesia
  • Gujarat Sidhee Cement - India
  • UBS Singapore
  • Cebu Energy, Philippines
  • Georgia Ports Authority, United States
  • Lafarge - France
  • Trasteel International SA, Italy
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Ministry of Finance - Indonesia
  • Merrill Lynch Commodities Europe
  • Kobe Steel Ltd - Japan
  • SASOL - South Africa
  • Savvy Resources Ltd - HongKong
  • Power Finance Corporation Ltd., India
  • Bangkok Bank PCL
  • IHS Mccloskey Coal Group - USA
  • Siam City Cement - Thailand
  • APGENCO India
  • VISA Power Limited - India
  • Indika Energy - Indonesia
  • Thermax Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Platou - Singapore
  • Port Waratah Coal Services - Australia
  • GAC Shipping (India) Pvt Ltd
  • Kepco SPC Power Corporation, Philippines
  • Timah Investasi Mineral - Indoneisa
  • Indian School of Mines
  • Cargill India Pvt Ltd
  • LBH Netherlands Bv - Netherlands
  • Deutsche Bank - India
  • Permata Bank - Indonesia
  • Coal and Oil Company - UAE
  • Banpu Public Company Limited - Thailand
  • Formosa Plastics Group - Taiwan
  • Globalindo Alam Lestari - Indonesia
  • TRAFIGURA, South Korea
  • Arutmin Indonesia
  • Vale Mozambique
  • Petrochimia International Co. Ltd.- Taiwan
  • Videocon Industries ltd - India
  • PTC India Limited - India
  • Attock Cement Pakistan Limited
  • Kobexindo Tractors - Indoneisa
  • Minerals Council of Australia
  • World Coal - UK
  • European Bulk Services B.V. - Netherlands
  • Sojitz Corporation - Japan
  • Maybank - Singapore
  • Pendopo Energi Batubara - Indonesia
  • ASAPP Information Group - India
  • Gresik Semen - Indonesia
  • Sakthi Sugars Limited - India
  • EMO - The Netherlands
  • Cemex - Philippines
  • Noble Europe Ltd - UK
  • Standard Chartered Bank - UAE
  • Petrosea - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Directorate General of MIneral and Coal - Indonesia