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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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Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...
Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...
Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...
Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...
Wednesday, 27 July 11
BLACKSTONE TO INVEST INR 5,000 MILLION (APPRX. US$ 111 MILLION) IN VISA POWER
Press Release - The Blackstone Group (NYSE: BX) today announced that it will be investing INR 5,000 million (c. USD 111 million) in VISA Power ...
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- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
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- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
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- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
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- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
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- Global Green Power PLC Corporation, Philippines
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- White Energy Company Limited
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- Eastern Coal Council - USA
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- Minerals Council of Australia
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- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
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- Borneo Indobara - Indonesia
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- Salva Resources Pvt Ltd - India
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- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Parliament of New Zealand
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- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Savvy Resources Ltd - HongKong
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- GVK Power & Infra Limited - India
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- PTC India Limited - India
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- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
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- Orica Australia Pty. Ltd.
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- Malabar Cements Ltd - India
- Planning Commission, India
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- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Central Electricity Authority - India
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
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- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
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- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
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- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Australian Coal Association
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- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
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- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
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- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
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- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
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- Kapuas Tunggal Persada - Indonesia
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- MS Steel International - UAE
- Mintek Dendrill Indonesia
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- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
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