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
Saturday, 13 August 11
GMR HAS ENTERED INTO CSPA WITH GEMS TO ACQUIRE 30% STAKE


COALspot.com - GMR Infrastructure Investments (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure, has signed conditional sale and purchase agreement (CSPA)  to acquire a 30 percent stake in PT Golden Energy Mines, a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) on 11 August 2011.

This transaction is subject to the fulfillment of several conditions and is expected to close in calendar 2011, including but not limited to the approvals of the general meeting of the shareholders and the listing of GEMS’s shares in the Indonesian Stock Exchange, said Hermawan Tarjono, corporate secretary of DSSA, when interviewed by COALspot.com.

The acquisition value is in the range of USD 450 million to USD 550 million.  The value can be anticipated only while nearing to the transaction closing.  The transaction will be closed once the GEMS’s shares are listed in Indonesian stock exchange and the IPO which is expected around  fourth quarter of the year. The 30% share purchase will be done by combination of strategic sale and IPO purchase which is under negotiation, according to Hermawan Tarjono.

Once the transaction is closed, GMR will participate in the GEMS’s Management as the GEMS is proliferating and becomes more professionally managed, he added.

GEMS, a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA), owns four producing and six non-producing thermal coal concessions in Sumatra, South Kalimantan and Central Kalimantan.

GEMS is targeting to produce 6-8 million tonnes of coal this year

GMR Infrastructure Ltd has already invested in a coal mine located in South Sumatra. The company brought PT Barasentosa Lestari (PT BSL) early 2009 for around US$ 80 million. The mine is estimate to have reserves of 100 million tonnes.

To contact the reporter responsible on this story - Efendi at
efendi@coalspot.com
Translated by - WB



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

Recent News

Saturday, 18 February 23
PAKISTAN PLANS TO QUADRUPLE DOMESTIC COAL-FIRED POWER, MOVE AWAY FROM GAS - REUTERS
Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will not build new gas-fired plants in the coming ...


Saturday, 18 February 23
2023 MARINE FUEL MARKET PREDICTIONS - JOHN BERGMAN, AURAMARINE
The drive for decarbonisation we witnessed in 2022 has continued into 2023, demonstrating the shipping’s industry positive strides in the fas ...


Saturday, 28 January 23
COAL GROWTH BLIP NOT TO BE REPEATED - BALTIC EXCHANGE
As 2022 drew to a close, global coal demand looked set to end the year just 1.2% up on the previous year. But that small increase was enough to pus ...


Thursday, 26 January 23
CHINA'S COAL OUTPUT INCREASES IN DECEMBER 2022 - XINHUA
China’s raw coal output posted stable expansion in December 2022, official data showed.   The country produced 400 million tonne ...


Thursday, 26 January 23
COKING COAL NARROWS THE GAP ON THERMAL AS CHINA REOPENS - REUTERS
The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from Austra ...


   27 28 29 30 31   
Showing 141 to 145 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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