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

Tuesday, 23 August 22
SHIPPING: GLOBAL TAX REFORM - WATSON FARLEY & WILLIAMS
OECD rules designed to implement a global minimum corporate tax rate for very large multinational groups have now been published and are expected t ...


Tuesday, 23 August 22
PARTIES CONCLUDE JOINT R&D AGREEMENT FOR WORLD’S FIRST AMMONIA FLOATING STORAGE AND REGASIFICATION BARGE CONTRIBUTING TO PROMOTING THE EARLY INTRODUCTION OF AMMONIA FUEL - NYK
NYK Line, Nihon Shipyard Co., Ltd. (NSY), ClassNK, and IHI Corporation (IHI) signed a joint research and development agreement for the commercializ ...


Monday, 22 August 22
INDONESIAN GOVERNMENT IMPOSED ON NEW PROGRESSIVE ROYALTIES FOR COAL
Indonesian President Joko Widodo has signed a Government Regulation (Number 26 of 2022) on 15 August 2022 related to the progressive royalty rates ...


Monday, 22 August 22
CHINA'S JULY RUSSIAN COAL IMPORTS HIT 5-YR HIGH AS WEST SHUNS MOSCOW - REUTERS
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted c ...


Sunday, 21 August 22
COAL-RICH POLAND FACES WINTER OF ENERGY DISCONTENT - DW
Poland uses 10 million tons of coal a year to heat households — a whopping 87% of all coal consumed in EU homes in 2019, according to the War ...


   49 50 51 52 53   
Showing 251 to 255 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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