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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 $58 per ton at the end of the year,” he said.
He added the sales prospects for the coming years were promising due to a surging demand from both domestic and foreign buyers. (est)
Source: The Jakarta Post
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Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...
Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
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- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
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- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
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