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

Friday, 05 August 11
THE WORLDS LARGEST COAL MINER TO INVEST IN INDO MINES
COALspot.com - Golden Energy Mines (GEMS) might go for initial public offering (IPO) by the end of September 2011. The company is planning to off lo ...


Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falli ...


Thursday, 04 August 11
THE HBA CONTINUES TO FALL IN AUGUST
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly low ...


Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to ne ...


Wednesday, 03 August 11
DRY BULK MARKET SINKS TO THREE-MONTH LOWS, BUT CAPESIZES COULD TURN THINGS AROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on falling this week, on the back of slow cargo demand amid the summer season. Yesterday, the BDI (Baltic Dry Index), the i ...


   1030 1031 1032 1033 1034   
Showing 5156 to 5160 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 ...

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