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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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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Parliament of New Zealand
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
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