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, 02 September 22
INDONESIA COAL PRICE REFERENCE SLIPS SLIGHTLY IN SEPTEMBER 2022
COALspot.com: Indonesian Coal Price Reference for September delivery drops 0.74 per cent month on month.   The Indonesian Coal Price R ...


Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...


Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...


Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition   The opp ...


Tuesday, 23 August 22
SHIPPING INDUSTRY TO REMOVE THE INDIAN OCEAN HIGH RISK AREA - BIMCO
After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the ‘Indian Ocean High Risk ...


   48 49 50 51 52   
Showing 246 to 250 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 ...

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