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, 26 June 09
BAYAN TARGETS GROSS PROFIT TO RISE BY 86.2 PERCENT
Local coal producer publicly listed PT Bayan Resources is targeting this year's gross profit to rise by 86.2 percent on the back of higher sales vo ...


Thursday, 25 June 09
INDIA'S ULTRATECH BUYS 500,000T S.AFRICA COAL
Indian cement maker Ultratech has bought 10 handymax cargoes of South African coal at $73.00-$74.00 a tonne CIF for July-September delivery, Indian ...


Wednesday, 24 June 09
NTPC BURNS MORE COAL TO PRODUCE ELECTRICITY
A tonne of coal is the same as another tonne of coal, you might think. But power major NTPC Ltd is finding that this year’s coal is not yie ...


Wednesday, 24 June 09
NTPC, COAL INDIA TO BUY MINING ASSETS OVERSEAS
State-owned utility National Thermal Power Corporation (NTPC) and the largest coal producer Coal India are in advanced stages of acquiring mining as ...


Tuesday, 23 June 09
NEWCASTLE WEEKLY COAL EXPORTS DECREASE 15%; SHIP QUEUE RISES
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 15 percent last week while the numb ...


   1329 1330 1331 1332 1333   
Showing 6651 to 6655 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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