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Wednesday, 14 December 11
MINER TOBA BARA SEJAHTRA PLANS IPO IN 1ST HALF OF 2012 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Coal miner Toba Bara Sejahtra is aiming high next year, hoping to capitalize on renewed bullish sentiment in the local market with an initial public offering in the first half of 2012.
The company plans to make the IPO in April or May, said Luhut Pandjaitan, president commissioner of the company. The specific terms of the IPO were not made clear.
“I am not allowed to disclose details yet, but we are aiming at similar proceeds as Harum Energy had in its IPO in 2010,” he said on Tuesday, naming one of Indonesia’s leading listed coal miners.
Harum Energy raised Rp 3.38 trillion ($375 million) by selling 2.7 billion shares in a September 2010 IPO. Harum Energy’s was the third-biggest IPO last year, after Borneo Lumbung Energy & Metal, which raised Rp 5.2 trillion in November 2010, and Indofood CBP Sukses Makmur, which raised Rp 6.2 trillion in September of the same year.
Toba Sejahtra, the miner’s holding company, has four business divisions: coal and mining, oil and gas, power generation, and agriculture and forestry.
Toba Sejahtra was founded in 2004 by a group of military veterans led by Luhut, who briefly held the role of the country’s minister of industry and trade in 2010.
Proceeds from the IPO will be used for capital expenditures related to business expansion, such as increasing the production capacity of the company’s mining sites, Luhut said.
He said Toba Bara Sejahtra had three coal mining subsidiaries in Kalimantan. Its production capacity this year is estimated to reach up to 7 million tons, up from about 4 million tons last year. Toba Bara aims to produce 11 million to 12 million tons of coal next year and has 350 million tons in coal reserves, Luhut said.
“Initially we aimed to do the listing this December but [postponed] for a few considerations, including the global market condition,” he said. “Raising funds is not the top priority for us now, because we have a very solid financial condition.”
Toba Bara Sejahtra also has set aside $700 million to buy a 58.8 percent stake in Indonesia Asahan Aluminium (Inalum), according to Bambang Irawan, a director at the company. He said Toba Sejahtra would bid for the stake along with a consortium of regional governments surrounding Inalum’s mining site in North Sumatra.
Last week, the head of the Government Investment Center (PIP) said it had set aside Rp 2 trillion to buy a majority stake in the aluminum miner from the current majority owner, Japan’s Nippon Asahan Aluminium.
It was not immediately clear what Inalum’s shareholder breakdown would look like.
Source: The Jakarta Globe
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Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a ...
Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
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- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- The University of Queensland
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Planning Commission, India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Indika Energy - Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Videocon Industries ltd - India
- PTC India Limited - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
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