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
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA


TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough International Singapore Pte. Ltd. With an amount of US$83.8 million, Indika Energy has now own 81.95% stake in Petrosea.

In a press release sent to TAMBANG Magazine on 6 July 2009, Indika Energy stated that the close of this transaction would enable it to leverage Petrosea's capabilities in engineering construction, mine operation and offshore logistics. Furthermore, it would strengthen Petrosea's foothold in the energy sector in the areas of resource, services, and infrastructure.

With its strong financials fundamental and market leadership, Indika Energy is confident to provide Petrosea with a stronger position to realise its growth target and create satisfactory return on equity.

Arsjad Rasjid, President Director of Indika Energy, explained the next step they are going to take immediately. "The immediate next steps for us is for the two management teams to map out our growth plans based on our strategic intent. We will draw on each other's strengths, capabilities and expertise to grow, as well as conduct a gap analysis to identify and close the gaps of our weaker areas to strengthen our positions," he said.

The acquisition of Petrosea has previously gained approval from Indika Energy's shareholders, as well as from the regulators. Furthermore, Indika Energy would make the mandatory tender offer for shares held by minority shareholders, pursuant to the prevailing laws and regulations.
Source: Tambang



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

Recent News

Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
  WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...


Monday, 27 July 09
MIDDLE EAST COAL TO MOVE ON $1B EAST KALIMANTAN PROJECT
The Jakarta globe reported that, Middle East Coal reiterated on Monday that it would push ahead its $1 billion development program for East Kutai Re ...


Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt ...


Monday, 27 July 09
COKING COAL, IRON-ORE LIKELY TO BENEFIT NON-INTEGRATED STEEL PRODUCERS
Economictimes reported that, The second half of the financial year 2008-09 was one of the toughest periods for steel companies, especially the non-i ...


Monday, 27 July 09
GMR ENERGY BUYS EMCO POWERGEN SUBSIDIARY
DNA India reported that, Thane-based transformer manufacturer Emco Ltd has sold its stake in unlisted power generation subsidiary Emco Energy to Ban ...


   1310 1311 1312 1313 1314   
Showing 6556 to 6560 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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