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Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
 The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 million) from a rights shares offering to take over a company that could expand its coal outreach, according to the world’s largest thermal coal exporter.
The papaer further said that, exploitasi Energi planned to acquire a 99.97 percent stake in a company with interests in coal mining called EBI, which is jointly owned by Exploitasi Energi’s president commissioner, Andri Cahyadi, and vice president director, Henri Setiadi, a prospectus released on Monday stated.
EBI will then use the funds to take over smaller affiliated firms engaged in energy and coal mining, namely ABE, DGL, KGB, SRI and TLS. The prospectus did not disclose the full names of the companies.
“The development of those assets is expected to ensure the company’s growth in the short and medium terms, and give stable growth for cash flow to, among other things fund the company’s expansion in the energy business in line with the company’s growth plans,” Exploitasi Energi said in the published
prospectus.
While the booming prices and demand for coal is expected to ease this year on weakening global conditions, observers have said that demand for Indonesian coal would remain stable as coal remained the energy of choice for power generators throughout the region. Nationwide coal output is poised to reach 360 million tons this year, down from around 371 million tons last year.
Exploitasi Energi has a 498.7 hectare mining concession located in Tanah Laut, South Kalimantan, with 18 million tons of coal reserves. The company began operations in 2004 and has mined a total of 120,000 tons of coal since then.
“[The acquisition] will increase the company’s revenue potential in the future given the interesting prospects in the coal and energy industries,” Exploitasi Energi wrote.
The company reaped Rp 391.81 billion in revenue for the first three months of this year, up 76.7 percent from the same period a year ago, pushing up net profits by 30.34 percent to Rp 25.43 billion. Drivers of the revenue increase were Rp 369.44 billion in coal sales and Rp 20.9 billion worth of income from electricity generated by the Pangkalan Bun steam power plant.
Exploitasi Energi has appointed PT Danareksa Sekuritas to arrange and sell the rights shares, which will be offered later this year, between Oct. 11 and Oct. 17. The new shares will be listed on the Indonesia Stock Exchange (IDX) on Oct. 10.
Rights shares are new shares issued to a company’s existing shareholders. If the rights are not exercised, the investors’ stake will be diluted, allowing new shareholders to enter. Holders of 100 Exploitasi Energi shares are entitled to buy 127 rights shares. If they do not absorb the stocks, their share ownership will be diluted by up to 55.98 percent.
Exploitasi Energi will offer 5.4 billion rights shares — representing 55.98 percent of its enlarged stake — at up to Rp 500 each, more than double the company’s stock price of Rp 194 apiece as of Monday trading. The company’s shares soared 11.49 percent following the corporate action announcement, with market capitalization reaching around Rp 850 billion.
Source: The Jakarta Post
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- The University of Queensland
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
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