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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$1 billion.
When asked about the interest of Coal India and other several investors, Hermawan Tarjono did not deny it.
According to him, potential investors have completed the due diligence on prospect concessions. “However, we cannot disclose either the number of investors or identity of investors who have conducted and completed due diligence as it may affect the negotiation".
"We set a target to complete it before September 2011,” he added.
PT Dian Swastatika Sentosa Tbk (DSSA), a parent company of coal miner PT Golden Energy Mines that is controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 613.03 percent surge in earning for the first half of this year, as quoted by Insider Stories..
Golden Energy Mines is developing its concession to become a leading coal miner in Indonesia.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com.
Translation - WB
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Tuesday, 26 July 11
UT'S SALES COULD REACH TO 8000 UNITS BY THE END OF 2011
COALspot.com - Sales of Komatsu heavy equipment in the domestic market in the first half of 2011 rose 59 percent to 4333 units compared to the same ...
Monday, 25 July 11
INDONESIA STATE ELECTRICITY COMPANY HAS BURNED 19 MMT OF COAL FOR FIRST HALF OF 2011
COALspot.com - Indonesia's State Electricity Company and other IPPs have burned 19 million tons of coal for first half of this year said,Pamudji Nu ...
Monday, 25 July 11
AKR CORPORINDO TO PRODUCE 0.3 MMT OF COAL BY DECEMBER
COALspot.com - PT AKR Corporindo (AKRA) began producing coal from its mine in Muara Teweh, Central Kalimantan. The company is targeting to pro ...
Sunday, 24 July 11
AN INDIAN PORT SETS A WORLD RECORD FOR CONVENTIONAL COAL DISCHARGE
COALspot.com - Krishnapatnam Port has set a World record for discharging 106,171 tons of steam coal in just 24 hrs using the conventional unloading sy ...
Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
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- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
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- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
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