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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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Sunday, 25 December 11
THERMAL COAL PRICES GAINED UP TO 4.32 PERCENT
COALspot.com - globalCOAL index gained 4.32 percent to US$106.36 per ton in RBCT, benchmark for South Asia and West Europe markets, for the week end ...
Saturday, 24 December 11
CHINAS LEVEL OF GROWTH TO DETERMINE COURSE OF DRY BULK MARKET IN 2012 SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest report, shipbroker Intermodal attempted to find a silver lining in the tough year that was 2011, as well as what one could expect from ...
Friday, 23 December 11
SPOT PACIFIC CAPESIZE VESSELS HAVE COMMANDED HIGH PREMIUMS - FEARNLEYS
Handy
Rates in the Atlantic kept stable from last week, with a touch of negativity closer to the end. Less spot cargoes seen, and owners are ...
Friday, 23 December 11
CONTENTIOUS ISSUES IN CONTRACT RENEGOTIATION - THE JAKARTA POST
The government has been renegotiating mining contracts, especially those 30-40 years old, with almost all mining companies, including PT Freeport In ...
Friday, 23 December 11
LANCO JOINS HANDS WITH BUKIT ASAM FOR INDONESIAN POWER PROJECT
COALspot.com - PT Tambang Batubara Bukit Asam, Indonesia's state owned coal miner and Indian based Lanco Infratech Ltd plans to build steam power p ...
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Showing 4916 to 4920 news of total 6871 |
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- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- The University of Queensland
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Australian Coal Association
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
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