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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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Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
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- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
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- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
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- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
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- New Zealand Coal & Carbon
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- Carbofer General Trading SA - India
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- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
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- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
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- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
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- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
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- Singapore Mercantile Exchange
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- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- The University of Queensland
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- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
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- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
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- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
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