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

Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX). The listing followed the company's p ...


Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...


Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade *ASX says futures could present new arbitrage opportunities The debut of Australia ...


Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
 COALspot.com (Germany):  World Coal Market  According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...


Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...


   1322 1323 1324 1325 1326   
Showing 6616 to 6620 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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