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

Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...


Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...


Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...


Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...


Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...


   1312 1313 1314 1315 1316   
Showing 6566 to 6570 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 ...

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