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, 08 July 22
AUSTRALIAN COAL PRICE BREAKS AGAIN LEVEL US$ 400/TON!, UP AROUND 4% - CNBC INDONESIA
Coal prices shot up again and crossed the level of US$ 400 per ton. On Thursday (7/7/2022) trading, the selling price of August contract closed at ...


Friday, 08 July 22
INDONESIA MULLS MORE FREQUENT SETTING OF CRUDE PALM OIL REFERENCE PRICE - REUTERS
Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry offici ...


Friday, 08 July 22
BUNKER PRICES EXPECTED TO RECOVER LOST GROUND NEXT WEEK - SERGEY IVANOV, MABUX
Over the Week 27, the world bunker indices showed a sharp decline, primarily due to the fall in oil prices on July 05. The 380 HSFO index fell by 5 ...


Thursday, 07 July 22
NTPC MINES 61% MORE COAL AT 4.22 MN METRIC TONNES IN APRIL-JUNE: PTI
State-owned power giant NTPC on Tuesday said that its coal output grew by 61 per cent to Rs 42.40 lakh metric tonnes in April-June quarter from 26. ...


Thursday, 07 July 22
COAL INDIA'S PRODUCTION SETS RECORD INCREASE OF 29% YOY AT 36 MT IN Q1FY23 - IIFL SECURITIES
Coal India Limited (CIL) has ended April-June quarter FY’23 capping a historic high of 29% yoy output growth, compared to same quarter FY&rsq ...


   58 59 60 61 62   
Showing 296 to 300 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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