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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$95.97 million.
Golden Mines operate several mines in Sumatra as well as in Kalimantan.
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Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...
Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
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- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- PTC India Limited - India
- Parliament of New Zealand
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