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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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Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...
Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...
Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing a 1.5 folds increase in revenue this year from Rp4. ...
Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...
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- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- PTC India Limited - India
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
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