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Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman Fuganto Widjaja, will float 10%-20% shares to the public via initial public offering (IPO) within the range price of Rp 2,300-Rp 3,500 after the miner seizes a strategic investor, insider stories says.
Golden Mines Corporate Secretary Eddy Salimah, as quoted by Bisnis Indonesia today, said the company is in talks with six potential strategic investors with one of them is Indian Coal India Ltd.
Coal India, the world’s largest coal miner, is in advanced talks to buy up to 40 per cent stake in Indonesia’s Golden Energy Mines in a deal valued between $750m and $1bn, an Indian paper says.
Dian Swastatika is 59.90 percent owned by PT Sinar Mas Tunggal, which is controlled by Fuganto Widjaja, son of Indonesian tycoon Indra Widjaja, and public shareholders holding the remaining stake.
DSSA is also controlling shareholder of PT Borneo Indobara with 99.07 percent ownership.
DSSA, parent company of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of this year as a result of higher revenue.
1Q Performance.
Dian Swastatika posted US$11.99 million net profit or US$0.016 per share in 1Q 2011 from US$1.96 million in 1Q 2010, a financial statement submitted to Indonesia Stock Exchange revealed, as quoted by Insider Stories.
Insider further said, operating profit of the company has surged 308.97 percent to US$19.59 million, while gross profit soared 173.55 percent to US$33.51 million. Dian Swastatika booked a 40.81 percent increase in revenue to US$135.14 million from US$95.97 million.
Golden Mines operate several mines in Sumatra as well as in Kalimantan.
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Friday, 15 July 11
BUKIT ASAM 1H COAL SALES UP 44 PERCENT
The state-controlled PT Tambang Batubara Bukit Asam Tbk (PTBA) is estimated to post 6.5 million tons of coal sales in the first half of this year, a ...
Thursday, 14 July 11
INDO GOVT. SETS JULY COAL REFERENCE PRICE AT US$ 118.24 PER TON
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia sets coal spot price benchmark for July 2011 at US$ 118.24 per ton, US$ 0 ...
Thursday, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesi ...
Thursday, 14 July 11
UNITED TRACTORS BUYS DUTA SEJAHTERA - INSIDER STORIES
Insider Stories reported that, PT United Tractors Tbk (UNTR), via a wholly-owned subsidiary PT Tuah Turangga Agung, will acquire PT Duta Sejahtera a ...
Wednesday, 13 July 11
ANOTHER FIRMER WEEK FOR THE CAPES - BRS
Barry Rogliano Salles reported that, there were mixed results for the dry bulk market this week: the Capesize and Panamax markets performed well gai ...
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- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
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