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, 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 ...


   1027 1028 1029 1030 1031   
Showing 5141 to 5145 news of total 6871
News by Category
Popular News
 
Total Members : 28,627
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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