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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
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Monday, 15 August 11
INDIAS MALABAR CEMENTS SEEK TO IMPORT 40,000 TONS OF COAL
COALspot.com - Malabar Cements Ltd., India's Keralaa government owned cement factory is seeking to import 40K metric tons of non-coking coal throug ...
Sunday, 14 August 11
SUPRAMAX CHARTER RATES SHARPLY UP - CAPT.REDDY
COALspot.com - The BDI ended positive with gains in Cape and Panamax index. The BDI was up by 1.50 pct and the cape and panamax index was up by almo ...
Friday, 12 August 11
COAL MINERS WILL ALLOW TO CONSTRUCT MINE MOUTH POWER PLANT
COALspot.com - The government is set to draft a regulation to enable construction of steam-fired power plants (PLTU) by coal mining companies for th ...
Friday, 12 August 11
CAPESIZE DEMAND HELPS LIFTING OF DRY BULK MARKET - HELLENIC SHIPPING NEWS
The dry bulk market has recovered a small fraction of its lost ground this week, with higher returns as a result of increased capesize demand. This ...
Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
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- The State Trading Corporation of India Ltd
- PTC India Limited - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- The University of Queensland
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
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