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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
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