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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
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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 ...
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- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- White Energy Company Limited
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- PTC India Limited - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
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