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

Wednesday, 01 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE BY 12PCT
Bloomberg reported that Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 12% last ...


Wednesday, 01 July 09
RS 6,000CR MMTC COAL IMPORT PLAN UNDER CLOUD
  The plan of MMTC Ltd, a trading firm under the commerce ministry, to import coal worth Rs 6,000 crore has come under cloud, with the Central ...


Wednesday, 01 July 09
INDONESIAN FIRM BIDS FOR 130,000T COAL FOR NAPOCOR
Top Philippine electricity producer National Power Corp. (Napocor) said on Wednesday it received two bids from Indonesia's PT Trubaindo and its loc ...


Wednesday, 01 July 09
COAL PRICE INDEX TO BE LAUNCHED IN JULY
India will soon get a coal index to track the coal price movement in the country. India's leading e-commerce company Mjunction Services Ltd will ...


Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...


   1326 1327 1328 1329 1330   
Showing 6636 to 6640 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 ...

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