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Tuesday, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
 The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ($291.2 million) from an initial public offering next month.
The share sale would be the third-biggest IPO by an Indonesian company this year.
Andi Djajanegara, the president director of ABM, said the company planned to sell 550.6 million shares, or a 20 percent stake, for between Rp 3,250 and Rp 4,650 per share.
The Jakarta-based company said it would use 66 percent of the proceeds to finance the expansion of its units, 27 percent to repay debt and the remainder to boost its capital.
“We want to develop our five core businesses’’ with the proceeds from the sale, Andi said.
Those businesses are coal production, contract mining, integrated logistics, power solutions and engineering.
ABM plans to more than quadruple its coal production by 2015 from 2.7 million tons to meet rising demand in the global market. The company’s production has already hit 90 percent of its target for this year.
“China and India lead in coal demand, coupled with domestic demand,’’ Andi said.
ABM Investama’s total concession area covers 7,703 hectares with coal reserves of 221 million tons. It has mines in South Kalimantan and one in Aceh in Sumatra.
The company reported a net income of Rp 208.2 billion in the first six months of the year on revenue of Rp 2.8 trillion.
Cipta Kridatama, an ABM unit involved in contract mining, contributed the bulk of the company’s top-line figure, with first-half revenue of Rp 1.2 trillion.
The company has hired Morgan Stanley, Macquarie and Mandiri Sekuritas, a unit of Bank Mandiri, to help with the IPO.
Based on the IPO price range, ABM Investma’s price-to-earnings ratio would be 7.5 to 10.8, according to Iman Rachman, a director at Mandiri Sekuritas.
“Investors need to understand that this company is a diversified mining company. The PE ratio reflects its diverseness,” he said. “Its main revenue is still from its mining contractor services. But with the expansion, it will focus more on coal mining.”
The share offering will run from Nov. 28-30 with a planned listing on the Indonesia Stock Exchange on Dec. 5.
Other coal companies have gone public recently. Atlas Resources raised Rp 975 billion from an offering last week and its shares began trading on Tuesday.
Garuda Indonesia, the nation’s flag carrier, had the biggest IPO so far this year when it raised Rp 4.7 trillion in February. Salim Ivomas Pratama, the plantation unit of Indofood Group, raised Rp 3.48 trillion from its June offering.
The Hamami family also controls Trakindo Utama, the sole authorized Indonesian dealer for heavy equipment maker Caterpillar, but that is not involved in the IPO.
Source: The Jakarta Globe
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Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...
Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...
Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...
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- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
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