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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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Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
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Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
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- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
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