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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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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- The University of Queensland
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Minerals Council of Australia
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Australian Coal Association
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
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