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
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.


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

Recent News

Friday, 16 September 22
WHEN IS A VESSEL'S INCOME EARNING CAPACITY AT RISK? 'CONTROLLED INCOME CAN BE A KEY OF SUCCESS' - MARASCO MARINE
Managing marine risks is not an easy task, which requires special knowledge and expertise on the subject per se. Customarily, big ship management c ...


Friday, 16 September 22
DRY BULK MARKET: EU’S BAN ON RUSSIAN COAL LIFTS DEMAND DESPITE ECONOMIC HEADWINDS - BIMCO
Highlights – The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse glob ...


Friday, 16 September 22
BIMCO EMBARKS ON NEW STANDARD FOR “QUIET ENJOYMENT”
KNOWLEDGE TO ELEVATE   A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing i ...


Friday, 16 September 22
INDIAN COAL PRODUCTION TO RISE 150 PER CENT IN 10 YEARS: CENTRE - EXPRESS NEWS SERVICE
The Union Ministry of Mines is expecting 150 per cent growth in coal production 10 years down the line as a result of coal reforms that had been us ...


Thursday, 15 September 22
MARKET INSIGHT - INTERMODAL
While the Organization of Petroleum Exporting Countries and its allies agreed on a 100,000 b/d output cut last week, oil flows are in the spotlight ...


   46 47 48 49 50   
Showing 236 to 240 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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