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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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Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a m ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
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- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Australian Coal Association
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- MS Steel International - UAE
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
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