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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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Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
Tuesday, 05 July 11
UNTR REVISES UP SALES TO 7,500 UNITS - INSIDER STORIES
PT United Tractors Tbk (UNTR), distributor of Komatsu heavy equipment and parent of PT Pamapersada Nusantara, has revised up its equipment sales tar ...
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- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Planning Commission, India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
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