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
Tuesday, 02 August 11
COAL INDIA TO INVEST IN GOLDEN ENERGY MINES


COALspot.com - Golden Energy Mines, part of PT Dian Swastatika Sentosa Tbk’s, is still negotiating with several strategic investors to off load 30 percent of Golden Energy’s shares. Dian Swastatika is a holder of 10 coal concession with total  area of approximately 57 thousand hectares in Indonesia.

Dian Swastatika has several subsidiaries focusing on coal mining such as PT Borneo Indobara, PT Kuansing Inti Makmur, PT Manggala Alam Lestari, PT Nusantara Indah Lestari, PT Wahana Alam Lestari, PT Bara Kencana Sakti, PT Bara Harmonis Batang Asam, PT Kencana Cemerlang Persada, PT Tanjung Belit Bara Utama, PT Berkat Nusantara Permai, PT Nusa Indah Permai, and PT Bungp Bara Utama.

Golden Enery / Dian Swastatika is part of the Sinarmas Group owned by Eka Tjipta Widjaja, who was listed as the richest person in Indonesia in 2010 by Globe Media.

“The negotiation process with several investors is underway,” Hermawan Tarjono, corporate secretary of Dian Swastatika respond against COALspot.com's questions via email. According to market Information, Coal India, The world's largest coal producer is one the potential investor of Golden Energy.   Coal India is seeking government approval to buy a 30% stake in an Indonesian coal company, its chairman, N.C. Jha, said last week. "In foreign investments, internal rate of return of 12 percent is not feasible. So we have sought to know whether this guideline for domestic investments still holds for foreign investment," Coal India Chairman N C Jha told reporters.

In last May, Reuters reported that Coal India was going into the further negotiations with Golden Energy Mines to be one of its shareholders, with an acquisition value of approximately equivalent to US$1 billion.

When asked about the interest of Coal India and other several investors, Hermawan Tarjono did not deny it.

According to him, potential investors have completed the due diligence on prospect concessions. “However, we cannot disclose either the number of investors or identity of investors who have conducted and completed due diligence as it may affect the negotiation". 

"We set a target to complete it before September 2011,” he added.

PT Dian Swastatika Sentosa Tbk (DSSA), a parent company of coal miner PT Golden Energy Mines that is controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 613.03 percent surge in earning for the first half of this year, as quoted by Insider Stories..

Golden Energy Mines is developing its concession to become a leading coal miner in Indonesia.

To contact the reporter responsible on this story: Efendi at
efendi@coalspot.com.
Translation - WB



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

Recent News

Wednesday, 03 August 11
DRY BULK MARKET SINKS TO THREE-MONTH LOWS, BUT CAPESIZES COULD TURN THINGS AROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on falling this week, on the back of slow cargo demand amid the summer season. Yesterday, the BDI (Baltic Dry Index), the i ...


Tuesday, 02 August 11
INDONESIA BECOMES SECOND LARGEST COKING COAL EXPORTER
COALspot.com - Indonesia, the largest thermal coal exporter in the world now becomes second biggest coking coal exporter to Japan. Indonesian’ ...


Tuesday, 02 August 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK TO PRESENT LATEST TRENDS
Press Release - Global commodities prices have been staying high since the beginning of 2011, resulting in the “TENSION” in various coun ...


Tuesday, 02 August 11
REALM RESOURCES TO ACQUIRE A 75% INTEREST IN THE KATINGAN RIA COAL PROJECT
COALspot.com - Scoping study at the Katingan Ria Coal Project, Central Kalimantan demonstrates positive technical and financial potential for the pr ...


Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...


   1031 1032 1033 1034 1035   
Showing 5161 to 5165 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 ...

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