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Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
 PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug boat and barge operator PT Mitrabahtera Segara Sejati Tbk (MBSS) at Rp1,630 (0.183 USD) per share, said Insider Stories.
Retina Rosabai, Indika's Head of Investor Relations, confirmed that Indika has exercised the option at Rp1,630 (0.183 USD) per share, entitling the company with 51% stake ownership or 892.51 million shares in Mitrabahtera which initiated its trading debut at Indonesia Stock Exchange today, as qouted by Insider Stories.
Referring to the exercise price, Indika has spent Rp1.45 trillion (US$ 163,564,579.81) to acquire Mitrabahtera, a company which was controlled by Prasatya family.
Ingrid Ade Sundari Prasatya and Patricia Pratiwi Suwati Prasatya were both controlling share holders in MBSS with 15.4% shareholding each. PT Patin Resources previously also controlled 56.2% stake in MBSS.
MBSS enrolled Indonesian logistics markets as a family company led by Francesca Hadinata and Bing Prasatya in 1993.
As of September 30 2010, MBSS owned 51 tug boats, 47 barges, and 4 floating cranes. The company is underway to construct a new floating crane scheduled to be commercially operated in February this year. Patricia Prasatya, with support of Jon Vassella, is in charge of the day-to-day running of the company and business development.
Patin Resources, Ingrid Prasatya, and Patricia Prasatya, acting as sellers, entered into an option agreement with PT Indika Energy Tbk (INDY), controlled by Indonesian billionaire Agus Lasmono Sudwikatmono, son of Indonesian tycoon Sudwikatmono who just passed away, and Wiwoho Basuki Tjokronegoro, on November 26 2010.
Accion Capital
On June 14 2010, MBSS also entered into an investment agreement with Accion Capital Management Pte Ltd (ACM) for convertible loan with principal amount of US$5 million in which ACM acts as investor agent and Accion Asia Growth Fund as newly investor.
Under the agreement, when MBSS has listed shares at IDX, each investor must convert the loan into new shares of MBSS with condition the market capitalization is above US$300 million or Rp2.66 trillion (assuming US$1 equals Rp8,865).
If MBSS's market capitalization is below US$300 million, investors will not obliged to convert the loan into new shares until July 8 2013. With US$300 million capitalization, MBSS's per share equals Rp1,485. By selling 12.5% new shares via IPO, MBSS is targeting about Rp327 billion (US$ 36,886,632.83) cash.
In the first day trading, MBSS jumped 11.25% to Rp1,780 per share from the IPO level at Rp1,600 (US$ 0.180). Today's closing price equaled to US$358 million market capitalization.
Under the investment agreement, each holder of convertible loan must convert the loan into new shares of MBSS. (assuming US$1 equals Rp8,865)
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Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
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- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
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