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

Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...


Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast * Says increased Chinese demand, driving brighter outlook Teck Resources Ltd said on Fr ...


Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...


Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...


Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today. The ...


   1332 1333 1334 1335 1336   
Showing 6666 to 6670 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 ...

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