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

Friday, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...


Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...


Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think. But power major NTPC Ltd is finding that this year’s coal is not yie ...


Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...


Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...


   1329 1330 1331 1332 1333   
Showing 6651 to 6655 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 ...

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