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Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 trillion the company’s disclosure report says.
According to media reports, GMR Coal Resources Pte. Ltd. sold 1,764,705,900 shares or the equivalent of 30% of the shares that have been issued and fully paid in PT Golden Energy Mines Tbk to PT ABM Investama Tbk on 31 August 2022 through an Auction process.
Based on this auction results, the report further noted that, PT ABM Investama Tbk through PT Radhika Jananta Raya (PT RJR), a wholly-owned indirect subsidiary of PT ABM Investama Tbk, has signed a Share Purchase Agreement on August 31, 2022, to purchase 1,764,705,900 shares or equivalent to 30% of GEMS shares listed and traded on the stock exchange from GMR Coal Resources Pte. Ltd. with a purchase price of US$ 420 million plus deferred compensation," ABM Investama said in an information disclosure, on 31 /8/2022.
According to the disclosure, based on the Agreement, PT ABM Investama Tbk acts as guarantor of PT RJR which unconditionally and irrevocably guarantees to GMR Coal Resources Pte. Ltd. for proper and timely performance and compliance by PT RJR for all obligations, commitments, efforts, guarantees, and compensation under the Agreement.
The settlement of the Share Purchase Transaction is subject to the fulfillment of preliminary requirements, among others, the approval of the General Meeting of Shareholders and the Board of Commissioners of PT RJR on the Share Purchase Transaction, the approval of the Board of Commissioners of the PT ABM Investama Tbk which approved the Company to enter into the Agreement and the provision of guarantees by the Company based on the Agreement and approval from the PT ABM Investama Tbk’s creditors to approve the Share Purchase Transaction, including changes to the Supplemental Indenture in relation to the US$ 200 million 9.5% Senior Notes maturing in 2026.
"All of the Preliminary Requirements will be completed within 75 days from the signing of the Agreement or on another date as agreed by the GMR Coal Resources Pte. Ltd. and PT RJR," PT ABM Investama Tbk said in its disclosure.
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Tuesday, 14 November 23
CHINA'S BELT AND ROAD INITIATIVE TURNS AWAY FROM COAL - WOOD MACKENZIE
Ambitious, contentious and big spending, China’s Belt and Road Initiative (BRI) is 10 years old. In that time, China has splashed more than U ...
Friday, 10 November 23
THE COMMODITIES FEED: OIL UNDER PRESSURE - ING
Energy – Brent plummets
The oil market came under significant pressure yesterday. ICE Brent settled 4.19% lower on the day and ...
Friday, 10 November 23
COAL USE AT U.S. POWER PLANTS CONTINUES DOWNWARD SPIRAL; FULL IMPACT ON MINES TO BE FELT IN 2024 - IEEFA
This year, the use of coal by the U.S.’s power producers has been so anemic that the fuel has not achieved a 20% market share in any month so ...
Friday, 10 November 23
INDIA: NATIONAL COAL INDEX RISES 3.83 POINTS IN SEPTEMBER AMID HIGHER DEMAND - LIVEMINT
The National Coal Index (NCI) rose 3.83 points to 143.91 in September amid growing demand for coal.
The union coal ministry on Tuesd ...
Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production ...
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- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- The University of Queensland
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
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