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
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500


Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman Fuganto Widjaja, will float 10%-20% shares to the public via initial public offering (IPO) within the range price of Rp 2,300-Rp 3,500 after the miner seizes a strategic investor, insider stories says.

Golden Mines Corporate Secretary Eddy Salimah, as quoted by Bisnis Indonesia today, said the company is in talks with six potential strategic investors with one of them is Indian Coal India Ltd.

Coal India, the world’s largest coal miner, is in advanced talks to buy up to 40 per cent stake in Indonesia’s Golden Energy Mines in a deal valued between $750m and $1bn, an Indian paper says.

Dian Swastatika is 59.90 percent owned by PT Sinar Mas Tunggal, which is controlled by Fuganto Widjaja, son of Indonesian tycoon Indra Widjaja, and public shareholders holding the remaining stake. 

DSSA is also controlling shareholder of PT Borneo Indobara with 99.07 percent  ownership.

DSSA, parent company of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of this year as a result of higher revenue.

1Q Performance.
Dian Swastatika posted US$11.99 million net profit or US$0.016 per share in 1Q 2011 from US$1.96 million in 1Q 2010, a financial statement submitted to Indonesia Stock Exchange revealed, as quoted by Insider Stories.

Insider further said, operating profit of the company has surged 308.97 percent to US$19.59 million, while gross profit soared 173.55 percent to US$33.51 million. Dian Swastatika booked a 40.81 percent increase in revenue to US$135.14 million from US$95.97 million.

Golden Mines operate several mines in Sumatra as well as in Kalimantan
.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...


Thursday, 09 June 11
INDIKA AIMS TO PRODUCE 31 MILLION TONS OF COAL IN 2011 - THE JAKARTA POST
The Jakarta Post, a leading English news paper in Indonesia reported that, PT Indika Energy Tbk, an integrated energy company, is targeting to incre ...


Wednesday, 08 June 11
BAYAN TO DISTRIBUTE RP. 80 ( APPROX. US$ 0.00939850) PER SHARE DIVIDEND
Coal miner PT Bayan Resources Tbk (BYAN), that is controlled by business Dato' Low Tuck Kwong, will distribute Rp80 a share dividend or Rp266.7 bil ...


Wednesday, 08 June 11
CBM PRODUCTION FROM AUSTRALIA, CHINA, INDIA, AND INDONESIA IS EXPECTED TO WITNESS A SIGNIFICANT INCREASE BY 2015
Press Release - According to Global Data (December 2010), CBM production in Australia, China, India, and Indonesia is expected to witness a signific ...


Sunday, 05 June 11
COAL IMPORTS BY CHINA IS LIKELY TO INCREASE - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week except for the BDI and Cape index was up, but even in these sectors the momentum was compared t ...


   1046 1047 1048 1049 1050   
Showing 5236 to 5240 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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