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, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk mark ...


Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.  Oil price at ...


Monday, 08 August 11
A SUPRAMAX VESSEL WAS REPORTED FIXED AT $ 12K - VISTAAR
COALspot.com - The BDI was slightly up by about 4 points closed at 1268 points which was supported by cape index which was up 3.14 pct and closed at ...


Saturday, 06 August 11
NTPC IS CONSIDERING TO ENTER INTO 25 YEARS COAL PURCHASE AGREEMENT
Indian, State-run power producer NTPC's present annual consumption is 164 million tonnes, and company is considering long-term agreements abroad to ...


Friday, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release  - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...


   1029 1030 1031 1032 1033   
Showing 5151 to 5155 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 ...

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