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, 26 July 11
UT'S SALES COULD REACH TO 8000 UNITS BY THE END OF 2011
COALspot.com - Sales of Komatsu heavy equipment in the domestic market in the first half of 2011 rose 59 percent to 4333 units compared to the same ...


Monday, 25 July 11
INDONESIA STATE ELECTRICITY COMPANY HAS BURNED 19 MMT OF COAL FOR FIRST HALF OF 2011
COALspot.com - Indonesia's State Electricity Company and other IPPs have burned 19 million tons of coal for first half of this year said,Pamudji Nu ...


Monday, 25 July 11
AKR CORPORINDO TO PRODUCE 0.3 MMT OF COAL BY DECEMBER
COALspot.com - PT AKR Corporindo (AKRA) began producing coal from its mine in Muara Teweh, Central Kalimantan. The company is  targeting to pro ...


Sunday, 24 July 11
AN INDIAN PORT SETS A WORLD RECORD FOR CONVENTIONAL COAL DISCHARGE
COALspot.com - Krishnapatnam Port has set a World record for discharging 106,171 tons of steam coal in just 24 hrs using the conventional unloading sy ...


Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...


   1033 1034 1035 1036 1037   
Showing 5171 to 5175 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 ...

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