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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, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Baramulti Group, Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- The University of Queensland
- Marubeni Corporation - India
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Australian Coal Association
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
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