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, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...


Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...


Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...


Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May. The figure surpasses the previ ...


Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...


   1330 1331 1332 1333 1334   
Showing 6656 to 6660 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 ...

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