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

Monday, 12 September 22
COAL PRICE HIKE REMAINS DIFFICULT FOR CIL: CHAIRMAN TELLS ANALYSTS - PTI
Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with h ...


Friday, 09 September 22
GREECE WILL KEEP COAL-FIRED PLANTS RUNNING FOR LONGER AMID GAS CRISIS - REUTERS
Greece will keep seven coal-fired plants running for longer than previously planned as European countries adjust to a cut in gas flows coming from ...


Friday, 09 September 22
CHINA'S DROUGHT INTENSIFIES GLOBAL COAL SHORTAGE - REUTERS
China’s drought has sent coal prices surging as traders anticipate the lack of hydroelectric generation will force it to burn more coal to me ...


Thursday, 08 September 22
MOODY.S AFFIRMS ABM INVESTAMA'S B1 RATINGS FOLLOWING PLANNED MINORITY INVESTMENT IN COAL MINER; OUTLOOK STABLE
Moody's Investors Service has affirmed ABM Investama Tbk (P.T.)'s B1 corporate family rating (CFR), along with the B1 rating on its senior ...


Thursday, 08 September 22
MARKET INSIGHT - INTERMODAL
While the energy markets are historically stretched, Russian flows of crude oil are closely monitored as the oil trade is ultimately realigned. Mor ...


   47 48 49 50 51   
Showing 241 to 245 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 ...

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