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

Tuesday, 07 July 09
ECONOMIC SURVEY 2008-09 OPEN UP COAL TO FUEL POWER PLANTS
TOI reported that the coal ministry's efforts at opening doors for full private entry through open bidding in coal mining got a boost, with the Eco ...


Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply c ...


Saturday, 04 July 09
FREIGHT FUTURE FOR 3 YEARS UNTIL 2012 WAS FAIRLY SOFT AROUND PANAMAX / US$ 16,000, SUPRAMAX / US$ 13,000 PER DAY
COALspot.com (Singapore): According to Vistaar shipping, an experinced ship operator in Singapore, the freight market was soft with bit nervousness ...


Saturday, 04 July 09
CHINA BUYS 17% OF MINER TECK RESOURCES FOR $1.5 BILLION
* To sell 17.2 percent stake to China Investment Corp * To raise proceeds of C$1.74 bln * Shares rise 3.2 percent  (Adds details. In U.S. dol ...


Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining compan ...


   1324 1325 1326 1327 1328   
Showing 6626 to 6630 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 ...

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