We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
|
|
|
Showing 5186 to 5190 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- The University of Queensland
- The Treasury - Australian Government
- ASAPP Information Group - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Planning Commission, India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
|
| |
| |
|