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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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Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0 ...
Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesi ...
Thursday, 14 July 11
UNITED TRACTORS BUYS DUTA SEJAHTERA - INSIDER STORIES
Insider Stories reported that, PT United Tractors Tbk (UNTR), via a wholly-owned subsidiary PT Tuah Turangga Agung, will acquire PT Duta Sejahtera a ...
Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gai ...
Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
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- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- PTC India Limited - India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
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