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

Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...


Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...


Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...


Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...


Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...


   1050 1051 1052 1053 1054   
Showing 5256 to 5260 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 ...

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