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
Friday, 13 October 17
INDIKA ENERGY SIGNS SHARE PURCHASE AGREEMENTS FOR AN ADDITIONAL 45% STAKE IN KIDECO
IndikaPT Indika Energy Tbk. and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, “Indika Energy”) has entered into separate Share Purchase Agreements in 2nd half of September 2017 with each of Samtan Co., Ltd. and PT Muji Inti Utama, respectively, to purchase 40.0% of PT Kideco Jaya Agung (“Kideco”) from Samtan and 5% of Kideco from Muji for an aggregate total consideration of US$677.5 million.

Kideco is third largest coal mine Indonesia and export its coal to around 12 countries worldwide KIDECO is producing more than 40 million tons of Medium calorific coal  with very low sulfur content of 0.1% as well as a low ash content of 2.5%.

According to the company’s press release issued 2nd part of September, subject to fulfillment of terms and conditions, upon closing, Indika Energy will become the majority shareholder with 91% equity ownership and Samtan will retain a 9% stake. Indika Energy has built an integrated business portfolio in energy resources, services, and infrastructure. “With its substantial coal reserves, resources, and operational excellence, Kideco will continue to serve as Indika Energy's sustainable growth foundation. This transaction will further strengthen Indika Energy’s position in the energy business value chain,“ said Arsjad Rasjid, President Director and Group CEO of Indika Energy.

With the assumption of control of Kideco, Indika Energy will further enhance synergies within its group subsidiaries such as its contract mining company, PT Petrosea Tbk. and coal transportation and logistics company, PT Mitrabahtera Segara Sejati Tbk.

The transaction is expected to complete in the fourth quarter of 2017, subject to satisfactory fulfillment of the terms and conditions, as well as regulatory approvals set out in the Share Purchase Agreements.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 20 September 17
SHIPPING MARKET INSIGHT - INTERMODAL
An undoubtedly interesting market lately is the newbuilding market, in which we are witnessing numerous orders across all sectors and sizes. At the ...


Monday, 18 September 17
COAL PRICES WERE RELATIVELY UNCHANGED WEEK OVER WEEK - ANZ
COALspot.com: Coal prices were relatively unchanged, with most interest remaining in the thermal coal market said Daniel Hynes. However, falling st ...


Monday, 18 September 17
PROSPECTS ARE NOT SO CLEAR CUT FOR COAL - CLARKSONS
Prospects are not so clear-cut for coal. According to Clarksons, coal has been a key energy source since the Industrial Revolution and in 2016, ste ...


Friday, 15 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE THIRD WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...


Thursday, 14 September 17
THE FIRM COAL TRADE IS SUPPORTING SUPRAS; FIXING AROUND LOW $13000 WITH DELIVERY THAILAND - FEARNLEYS
Supramax This week has brought Supras firm rates and numerous orders. Scrap orders from Cont to Med still pay $11000 and Fertilizer from Baltic t ...


   386 387 388 389 390   
Showing 1936 to 1940 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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