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, 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 ...


   1036 1037 1038 1039 1040   
Showing 5186 to 5190 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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