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Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) next month, which could be the country’s biggest IPO this year.
According to the company’s prospectus, Berau could sell up to 7 billion new shares or 18.18 percent of its enlarged stocks during the IPO. The shares will be sold at between Rp 300 (US$0.033) and Rp 400 during the offering period, which would be carried out from Aug. 10 — 12.
The shares would be listed on the Indonesian Stock Exchange (IDX) on Aug. 19.
Berau said earlier that it expected to raise up to Rp 2.8 trillion (about $310 million) from the IPO, which could be the biggest this year. The Rp 2.6 trillion in IPO proceeds recorded by PT Benaket Petroleum Energy in January is considered the largest.
Berau said that 92 percent of the proceeds would be used to strengthen the company’s capital expenditure, and the remaining 8 percent to fund the acquisition of Maple Holdings Ltd.
The IPO will reduce PT Bukit Mutiara’s share ownership in PT Berau Coal Energy to 81.81 percent. PT Bentara Energy Asia Utama holds 0.01 percent with the investing public owning the remaining 18.18 percent.
PT Danatama Makmur and PT Recapital Securities have been appointed as underwriters for the IPO.
However, Vicky Ganda Saputra, vice president of investment banking at Danatama Makmur, told reporters Wednesday the proceeds from the IPO might be downsized to $100 million as the company might receive $750 million from bank loans and bond offerings this year.
Rosan P. Roeslani, president director of Berau’s parent company PT Bukit Mutiara, said earlier that Berau was set to launch five-year global bonds worth $350 million and was expecting another $450 million of syndicated bank loans with a four-year tenor.
Berau currently operates 118,400 hectares of three active mines in East Kalimantan, and will soon expand into three new mine locations.
Berau, which has planned to allocate $48 million for capital expenditure this year, said it produced 8 million tons of coal output in the first half.
With the increase in capital expenditure, Berau expects it can to increase its production to 17.9 million tons this year from 14.6 million.
Berau’s director John J. Ramos said during the first semester of this year, total sales reached about 8 million tons with an average price of US$58 per ton.
He said the company’s total revenue rose to $475 million during the first semester of this year from $376 million in the same period last year, partly due to an increase in coal sales.
“The average coal price reached $56.7 per ton last year. This year, we hope the average coal price will stay at about $58 per ton at the end of the year,” he said.
He added the sales prospects for the coming years were promising due to a surging demand from both domestic and foreign buyers. (est)
Source: The Jakarta Post
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- PTC India Limited - India
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- The University of Queensland
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
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