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
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA


TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough International Singapore Pte. Ltd. With an amount of US$83.8 million, Indika Energy has now own 81.95% stake in Petrosea.

In a press release sent to TAMBANG Magazine on 6 July 2009, Indika Energy stated that the close of this transaction would enable it to leverage Petrosea's capabilities in engineering construction, mine operation and offshore logistics. Furthermore, it would strengthen Petrosea's foothold in the energy sector in the areas of resource, services, and infrastructure.

With its strong financials fundamental and market leadership, Indika Energy is confident to provide Petrosea with a stronger position to realise its growth target and create satisfactory return on equity.

Arsjad Rasjid, President Director of Indika Energy, explained the next step they are going to take immediately. "The immediate next steps for us is for the two management teams to map out our growth plans based on our strategic intent. We will draw on each other's strengths, capabilities and expertise to grow, as well as conduct a gap analysis to identify and close the gaps of our weaker areas to strengthen our positions," he said.

The acquisition of Petrosea has previously gained approval from Indika Energy's shareholders, as well as from the regulators. Furthermore, Indika Energy would make the mandatory tender offer for shares held by minority shareholders, pursuant to the prevailing laws and regulations.
Source: Tambang



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...


Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...


Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...


Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012 * Plans to tap reserves of abandoned mines The Hindu, an Indian news paper reported that, t ...


Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...


   1318 1319 1320 1321 1322   
Showing 6596 to 6600 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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