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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$1 billion.
When asked about the interest of Coal India and other several investors, Hermawan Tarjono did not deny it.
According to him, potential investors have completed the due diligence on prospect concessions. “However, we cannot disclose either the number of investors or identity of investors who have conducted and completed due diligence as it may affect the negotiation".
"We set a target to complete it before September 2011,” he added.
PT Dian Swastatika Sentosa Tbk (DSSA), a parent company of coal miner PT Golden Energy Mines that is controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 613.03 percent surge in earning for the first half of this year, as quoted by Insider Stories..
Golden Energy Mines is developing its concession to become a leading coal miner in Indonesia.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com.
Translation - WB
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Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
Thursday, 21 July 11
DRY BULK RATES EDGE FURTHER DOWN ON WEAK MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell once again on Wednesday marking the ninth straight day of losses. The industry’s benchmark, the Baltic Dry Index (BDI ...
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- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Central Electricity Authority - India
- GMR Energy Limited - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
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