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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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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 ...
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- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Latin American Coal - Colombia
- The University of Queensland
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
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