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

Sunday, 03 July 22
CHINESE VICE PREMIER STRESSES CLEAN, EFFICIENT USE OF COAL - XINHUA
Chinese Vice Premier Han Zheng has stressed efforts to promote the clean and efficient use of coal, and pursue green, low-carbon and high-quality d ...


Sunday, 03 July 22
SOVEREIGN SECTOR OUTLOOK REVISED TO NEUTRAL ON UKRAINE WAR IMPACT - FITCH RATINGS
The deterioration in global sovereign credit conditions this year relative to our expectations at end-2021 has caused Fitch Ratings to change its g ...


Saturday, 02 July 22
GLOBAL SEABORNE COAL EXPORTS IN 2021 INCREASED BY 4.4% Y-O-Y TO 1147 MLN TONNES - BANCHERO COSTA
In the full 12 months of 2021, global seaborne coal exports increased by +4.4% y-o-y to 1147 mln tonnes, from 1099 mln tonnes in 2020, according to ...


Friday, 01 July 22
INDIA'S TOP CEMENT MAKER PAYING FOR RUSSIAN COAL IN CHINESE YUAN - REUTERS
India’s biggest cement producer, UltraTech Cement ULTC.NS, is importing a cargo of Russian coal and paying using Chinese yuan, according to a ...


Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would gene ...


   60 61 62 63 64   
Showing 306 to 310 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 ...

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