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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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Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
Saturday, 07 January 12
COAL MARKETS SEE FALLING SPOT PRICES
COALspot.com – World’s thermal coal spot prices have slipped this week..
globalCOAL index in Newcastle Port, benchmark for Asian mark ...
Friday, 06 January 12
COAL INDIA LINKED COAL PRICES WITH INTERNATIONAL COAL PRICES
COALspot.com - Consumers of indigenous coal in India to pay International prices in the future. Coal India has recently moved from UHV pricing mecha ...
Friday, 06 January 12
CLARIDEN GLOBAL BRINGS YOU INDONESIA MINING 2012
Capitalizing Business & Investment Opportunities in an Uncertain Market.Press Release - Clariden Global brings you Indonesia Mining 2012, the dedi ...
Friday, 06 January 12
THE PANAMAX MARKET EXPERIENCED A SLOW START TO 2012 - FEARNLEYS AS
Handy
As usual after a holiday owners and charterers both try to get a feel of the market. An Armada of Supras were talking to ballast towards USG, ...
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- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
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