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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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Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
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- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Australian Coal Association
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- The University of Queensland
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
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