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

Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...


Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...


Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG,  the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...


Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...


Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...


   1321 1322 1323 1324 1325   
Showing 6611 to 6615 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 ...

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