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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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Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
Press Release - Since the beginning of 2011, international commodity price has been in a high level, resulting in “TENSION” of energy co ...
Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...
Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...
Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...
Thursday, 16 June 11
BOOSTING THE USE OF LOW CARBON ENERGY FOR A BETTER WORLD
Bali, Indonesia host of world renewable energy congress – Indonesia, international conference & exhibition on renewable energy and energy ...
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- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
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- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
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- Gujarat Electricity Regulatory Commission - India
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- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
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- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- The University of Queensland
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Australian Coal Association
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
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