COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


   1030 1031 1032 1033 1034   
Showing 5156 to 5160 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Iligan Light & Power Inc, Philippines
  • Mechel - Russia
  • Jaiprakash Power Ventures ltd
  • Chamber of Mines of South Africa
  • EIA - United States
  • Inco-Indonesia
  • San Jose City I Power Corp, Philippines
  • Australian Coal Association
  • Tanito Harum - Indonesia
  • PetroVietnam
  • Straits Asia Resources Limited - Singapore
  • Barasentosa Lestari - Indonesia
  • PLN Batubara - Indonesia
  • Economic Council, Georgia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • DBS Bank - Singapore
  • Deloitte Consulting - India
  • Sojitz Corporation - Japan
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Coastal Gujarat Power Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Georgia Ports Authority, United States
  • Jorong Barutama Greston.PT - Indonesia
  • Bhatia International Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • GVK Power & Infra Limited - India
  • McKinsey & Co - India
  • Minerals Council of Australia
  • Pendopo Energi Batubara - Indonesia
  • Ince & co LLP
  • Ernst & Young Pvt. Ltd.
  • Cosco
  • Gujarat Sidhee Cement - India
  • SASOL - South Africa
  • Kartika Selabumi Mining - Indonesia
  • Karaikal Port Pvt Ltd - India
  • Essar Steel Hazira Ltd - India
  • Global Green Power PLC Corporation, Philippines
  • Marubeni Corporation - India
  • TGV SRAAC LIMITED, India
  • Bank of China, Malaysia
  • Mitsui
  • The State Trading Corporation of India Ltd
  • Power Finance Corporation Ltd., India
  • Formosa Plastics Group - Taiwan
  • Deutsche Bank - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • OPG Power Generation Pvt Ltd - India
  • Noble Europe Ltd - UK
  • Star Paper Mills Limited - India
  • Madhucon Powers Ltd - India
  • Coal Orbis AG
  • Vijayanagar Sugar Pvt Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Leighton Contractors Pty Ltd - Australia
  • ANZ Bank - Australia
  • Bukit Baiduri Energy - Indonesia
  • Ministry of Finance - Indonesia
  • Bulk Trading Sa - Switzerland
  • Anglo American - United Kingdom
  • Vizag Seaport Private Limited - India
  • Maybank - Singapore
  • Latin American Coal - Colombia
  • KPCL - India
  • MS Steel International - UAE
  • Grasim Industreis Ltd - India
  • Malabar Cements Ltd - India
  • Surastha Cement
  • Sree Jayajothi Cements Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • JPower - Japan
  • India Bulls Power Limited - India
  • Renaissance Capital - South Africa
  • Toyota Tsusho Corporation, Japan
  • Pipit Mutiara Jaya. PT, Indonesia
  • Parry Sugars Refinery, India
  • Semirara Mining Corp, Philippines
  • Thomson Reuters GRC
  • Mitra SK Pvt Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Sakthi Sugars Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • European Bulk Services B.V. - Netherlands
  • SRK Consulting
  • Riau Bara Harum - Indonesia
  • Britmindo - Indonesia
  • Xindia Steels Limited - India
  • Bank of America
  • Jindal Steel & Power Ltd - India
  • Metalloyd Limited - United Kingdom
  • Indian Oil Corporation Limited
  • Trasteel International SA, Italy
  • White Energy Company Limited
  • Sical Logistics Limited - India
  • Shenhua Group - China
  • Port Waratah Coal Services - Australia
  • Tamil Nadu electricity Board
  • ASAPP Information Group - India
  • TNPL - India
  • Medco Energi Mining Internasional
  • ING Bank NV - Singapore
  • Oldendorff Carriers - Singapore
  • Mercator Lines Limited - India
  • Cemex - Philippines
  • Humpuss - Indonesia
  • Orica Mining Services - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Thai Mozambique Logistica
  • Global Business Power Corporation, Philippines
  • Binh Thuan Hamico - Vietnam
  • Cargill India Pvt Ltd
  • WorleyParsons
  • Gupta Coal India Ltd
  • Coaltrans Conferences
  • Aditya Birla Group - India
  • Price Waterhouse Coopers - Russia
  • Freeport Indonesia
  • Cebu Energy, Philippines
  • Mitsubishi Corporation
  • Energy Link Ltd, New Zealand
  • TeaM Sual Corporation - Philippines
  • Bharathi Cement Corporation - India
  • Borneo Indobara - Indonesia
  • Infraline Energy - India
  • Ceylon Electricity Board - Sri Lanka
  • Vitol - Bahrain
  • Bukit Makmur.PT - Indonesia
  • Larsen & Toubro Limited - India
  • Ministry of Transport, Egypt
  • CCIC - Indonesia
  • Carbofer General Trading SA - India
  • Qatrana Cement - Jordan
  • Sinarmas Energy and Mining - Indonesia
  • BRS Brokers - Singapore
  • Africa Commodities Group - South Africa
  • The India Cements Ltd
  • Singapore Mercantile Exchange
  • World Bank
  • Kobe Steel Ltd - Japan
  • Argus Media - Singapore
  • Meenaskhi Energy Private Limited - India
  • Bangladesh Power Developement Board
  • Eastern Coal Council - USA
  • Maharashtra Electricity Regulatory Commission - India
  • Electricity Authority, New Zealand
  • Aboitiz Power Corporation - Philippines
  • Bhoruka Overseas - Indonesia
  • NTPC Limited - India
  • Kobexindo Tractors - Indoneisa
  • Barclays Capital - USA
  • Simpson Spence & Young - Indonesia
  • Indian School of Mines
  • KEPCO - South Korea
  • globalCOAL - UK
  • Japan Coal Energy Center
  • Miang Besar Coal Terminal - Indonesia
  • Ministry of Mines - Canada
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • SMG Consultants - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Central Java Power - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Asian Development Bank
  • IBC Asia (S) Pte Ltd
  • Electricity Generating Authority of Thailand
  • Tata Power - India
  • Thermax Limited - India
  • PLN - Indonesia
  • Posco Energy - South Korea
  • Maheswari Brothers Coal Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Berau Coal - Indonesia
  • Geoservices-GeoAssay Lab
  • Platou - Singapore
  • Rio Tinto Coal - Australia
  • Vale Mozambique
  • RBS Sempra - UK
  • Mercuria Energy - Indonesia
  • Videocon Industries ltd - India
  • Glencore India Pvt. Ltd
  • Tata Chemicals Ltd - India
  • CoalTek, United States
  • The University of Queensland
  • CNBM International Corporation - China
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Attock Cement Pakistan Limited
  • Gresik Semen - Indonesia
  • Altura Mining Limited, Indonesia
  • PetroVietnam Power Coal Import and Supply Company
  • Maruti Cements - India
  • Total Coal South Africa
  • Lafarge - France
  • Independent Power Producers Association of India
  • AsiaOL BioFuels Corp., Philippines
  • Panama Canal Authority
  • Holcim Trading Pte Ltd - Singapore
  • Pinang Coal Indonesia
  • CIMB Investment Bank - Malaysia
  • GHCL Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Chettinad Cement Corporation Ltd - India
  • Adani Power Ltd - India
  • Thriveni
  • Indian Energy Exchange, India
  • Maersk Broker
  • Thiess Contractors Indonesia
  • Eastern Energy - Thailand
  • UBS Singapore
  • Kapuas Tunggal Persada - Indonesia
  • HSBC - Hong Kong
  • Timah Investasi Mineral - Indoneisa
  • Enel Italy
  • CESC Limited - India
  • SGS (Thailand) Limited
  • Samtan Co., Ltd - South Korea
  • Uttam Galva Steels Limited - India
  • Globalindo Alam Lestari - Indonesia
  • South Luzon Thermal Energy Corporation
  • APGENCO India
  • LBH Netherlands Bv - Netherlands
  • Bangkok Bank PCL
  • JPMorgan - India
  • IOL Indonesia
  • ICICI Bank Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Malco - India
  • Clarksons - UK
  • MEC Coal - Indonesia
  • UOB Asia (HK) Ltd
  • Samsung - South Korea
  • Antam Resourcindo - Indonesia
  • McConnell Dowell - Australia
  • Permata Bank - Indonesia
  • Planning Commission, India
  • IMC Shipping - Singapore
  • J M Baxi & Co - India
  • Coal and Oil Company - UAE
  • Karbindo Abesyapradhi - Indoneisa
  • Wood Mackenzie - Singapore
  • PowerSource Philippines DevCo
  • SN Aboitiz Power Inc, Philippines
  • GN Power Mariveles Coal Plant, Philippines
  • Indonesia Power. PT
  • Bahari Cakrawala Sebuku - Indonesia
  • KPMG - USA
  • Savvy Resources Ltd - HongKong
  • Sindya Power Generating Company Private Ltd
  • Siam City Cement PLC, Thailand
  • Moodys - Singapore
  • Mjunction Services Limited - India
  • OCBC - Singapore
  • Manunggal Multi Energi - Indonesia
  • NALCO India
  • Goldman Sachs - Singapore
  • Cardiff University - UK
  • KOWEPO - South Korea
  • Gujarat Mineral Development Corp Ltd - India
  • Kalimantan Lumbung Energi - Indonesia
  • TRAFIGURA, South Korea
  • GMR Energy Limited - India
  • New Zealand Coal & Carbon
  • Bayan Resources Tbk. - Indonesia
  • Dalmia Cement Bharat India
  • Idemitsu - Japan
  • Arutmin Indonesia
  • Makarim & Taira - Indonesia
  • IHS Mccloskey Coal Group - USA
  • BNP Paribas - Singapore
  • Shree Cement - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Energy Development Corp, Philippines
  • IEA Clean Coal Centre - UK
  • Meralco Power Generation, Philippines
  • PTC India Limited - India
  • Interocean Group of Companies - India
  • Inspectorate - India
  • Arch Coal - USA
  • Edison Trading Spa - Italy
  • GNFC Limited - India
  • ACC Limited - India
  • GB Group - China
  • Coal India Limited
  • Kohat Cement Company Ltd. - Pakistan
  • Bhushan Steel Limited - India
  • Petron Corporation, Philippines
  • Merrill Lynch Commodities Europe
  • Petrochimia International Co. Ltd.- Taiwan
  • London Commodity Brokers - England
  • Heidelberg Cement - Germany
  • Sucofindo - Indonesia
  • TANGEDCO India
  • Baramulti Group, Indonesia
  • Coeclerici Indonesia
  • Asia Cement - Taiwan
  • Kepco SPC Power Corporation, Philippines
  • Ambuja Cements Ltd - India
  • Banpu Public Company Limited - Thailand
  • Wilmar Investment Holdings
  • Parliament of New Zealand
  • Directorate General of MIneral and Coal - Indonesia
  • Intertek Mineral Services - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Russian Coal LLC
  • The Treasury - Australian Government
  • Central Electricity Authority - India
  • Peabody Energy - USA
  • Orica Australia Pty. Ltd.
  • Platts
  • U S Energy Resources
  • Bukit Asam (Persero) Tbk - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Commonwealth Bank - Australia
  • Standard Chartered Bank - UAE
  • Romanian Commodities Exchange
  • Core Mineral Indonesia
  • Australian Commodity Traders Exchange
  • Vedanta Resources Plc - India
  • Kumho Petrochemical, South Korea
  • Neyveli Lignite Corporation Ltd, - India
  • Salva Resources Pvt Ltd - India
  • Jatenergy - Australia
  • Indorama - Singapore
  • Rudhra Energy - India
  • Reliance Power - India
  • SUEK AG - Indonesia
  • Indika Energy - Indonesia
  • Siam City Cement - Thailand
  • SMC Global Power, Philippines
  • ETA - Dubai
  • Coalindo Energy - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • Runge Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Merrill Lynch Bank
  • Cement Manufacturers Association - India
  • Xstrata Coal
  • Mintek Dendrill Indonesia
  • VISA Power Limited - India
  • PNOC Exploration Corporation - Philippines
  • Indonesian Coal Mining Association
  • Asmin Koalindo Tuhup - Indonesia
  • Kideco Jaya Agung - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Indogreen Group - Indonesia
  • World Coal - UK
  • Therma Luzon, Inc, Philippines
  • Credit Suisse - India
  • bp singapore
  • Thailand Anthracite
  • Agrawal Coal Company - India
  • Petrosea - Indonesia
  • Lanco Infratech Ltd - India
  • Adaro Indonesia
  • EMO - The Netherlands
  • Fearnleys - India