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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, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falli ...
Thursday, 04 August 11
THE HBA CONTINUES TO FALL IN AUGUST
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly low ...
Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to ne ...
Wednesday, 03 August 11
DRY BULK MARKET SINKS TO THREE-MONTH LOWS, BUT CAPESIZES COULD TURN THINGS AROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on falling this week, on the back of slow cargo demand amid the summer season. Yesterday, the BDI (Baltic Dry Index), the i ...
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- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- White Energy Company Limited
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Attock Cement Pakistan Limited
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