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Friday, 05 August 11
THE WORLDS LARGEST COAL MINER TO INVEST IN INDO MINES
 COALspot.com - Golden Energy Mines (GEMS) might go for initial public offering (IPO) by the end of September 2011. The company is planning to off load 15-20 percent of its share to the public by next month.
However, PT Dian Swastatika Sentosa Tbk (DSSA), a holding company for GEMS, is also planning to accommodate "the strategic investors" by offering 30 percent share prior to IPO or simultaneously with IPO.
According to industry, the world's largest coal producer, coal India limited, one of the Indian largest power producer, Tata power and Indian based largest infrastructure company GMR Infrastructure Limited are among the other potential investors who are currently negotiating with Golden Energy Mines.
Tata power and GMR are already had invested coal mines in Indonesia. Tata brought 30 percent share in Bumi Resources, Indonesia’s largest coal producer, which is controlling Kaltim Prima Coal and Arutmin. Meantime, GMR has brought a coal mine in Sumatra Island.
When we contacted PT Dian Swastatika Sentosa for confirmation about their potential investors, they refused to disclose the identity of the companies those are, negotiating with them. "We can’t to disclose the identity of companies that have been discussing with us to buy 30% share" said corporate Secretary of PT Dian Swastatika Sentosa Tbk (DSSA) Hermawan Tarjono.
“We will announce once we finalize the deal most probably by next month" Hermawan Tarjono said. "We are targeting to issue 15-20 percent shares to issue to public via IPO by the end of next month”, he added.
Coal India is the India's state owned coal miner was looking for government approval to invest in GEM.
According to a media, India's federal secretary C Balakrishnan was quoted by news wires as saying that the government may clear Coal India's proposal to invest in overseas assets by the end of August.The matter has been forwarded to the finance ministry for approval.
If coal India obtains the approval from government of India to invest in GEM, then the competition will be high as Coal India is keen on invest in overseas to secure coal for Indian market. According to a media, the deal would be around $ 750 million to $ 1 billion for 30 percent share of GEM mines, which is holding around 10 coal concession.
Dian Swastatika has extended the deadline for submitting bids to August 2011, from June possibly to accommodate coal India's bid.
However, an another Indian paper quoted that, Sinar Mas has extended its deadline because one of the short listed bidders, Tata Power Co, decided to withdraw from the race because of increasingly competitive bidding.
Golden Energy is targeting to produce 6-8 million tons of coal this year jumped around 3 - 5 million compared to last year production. GEMS is mainly producing coal with calorific value 4200 kcal/kg (GAR), 4800 kcal/kg (GAR), and 5300 kcal/kg (GAR) from its mines from Sumatra and South Kalimantan. GEMS coal supplies used to be done through Bunati Sungai Danau in South Kalimantan and Teluk Bayur Padang in Sumatra. South Kalimantan mine is producing around 5 million and 3 million tons come from its Sumatra mine.
According the company's website, production is expected to be ramped up to 15 million tons by 2014.
To contact the reporter responsible on this story: Efendi at efendi@coalspot.com
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Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...
Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy
The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw Passero to US Gulf climbed US$ 1500 from la ...
Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...
Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...
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- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- MS Steel International - UAE
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- The University of Queensland
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
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