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

Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap. " ...


Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board. Global economy: While growth in most emerging ...


Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...


Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...


Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...


   1024 1025 1026 1027 1028   
Showing 5126 to 5130 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 ...

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