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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
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Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
Wednesday, 30 November 22
INDONESIA’S BUMI RESOURCES TARGETS 2023 COAL OUTPUT OF 80 MLN TONNES - REUTERS
Indonesian coal miner PT Bumi Resources Tbk BUMI.JKis eyeing a 10% increase in output to 80 million tonnes next year amid expectations for more fav ...
Wednesday, 30 November 22
TANKERS: LONGER HAULS TO SUPPORT CONTINUED STRENGTH - BIMCO
Highlights
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Wednesday, 30 November 22
MARKET INSIGHT - INTERMODAL
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Tuesday, 29 November 22
INDIA TO RECEIVE FIRST LNG CARGO FROM INDONESIA’S TANGGUH LNG - REUTERS
India will receive its first cargo from Indonesia’s Tangguh liquefied natural gas (LNG) plant at the Dahej terminal on Monday, according to a ...
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- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
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