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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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Tuesday, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
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- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
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