We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...
Tuesday, 27 December 11
MINERS MAKE CASE FOR RESUMING CONTRACT NEGOTIATIONS - THE JAKARTA POST
The Jakarta Post reported that, problems with the renegotiation of mining contracts in the country are far from over, as agreements on several cruci ...
Tuesday, 27 December 11
COAL SHIPMENT OF TIANJIN PORT REACHED 6.72 MLN TONNES IN NOVEMBER - STEEL HOME / HELLENIC SHIPPING
Tianjin port shipped 6.72 million tonnes of coal in November, decreasing 600,000 tonnes versus 7.32 million tonnes in October, while up 21.09% or 1. ...
Tuesday, 27 December 11
NEW CLAUSE PUBLISHED FOR SLOW STEAMING - BIMCO
Many owners and operators faced with high bunker prices are considering implementing slow steaming regimes to save fuel and to assist with capacity ...
Monday, 26 December 11
NEW EXPORT TAX PLAN GREETED WITH PRAISE AND CRITICISM - THE JAKARTA POST
The Jakarta Post, one of the Indonesia's leading english news paper reported that, both praise and criticism showered the government’s plan t ...
|
|
|
Showing 4911 to 4915 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- CNBM International Corporation - China
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Parliament of New Zealand
- The University of Queensland
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- White Energy Company Limited
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
|
| |
| |
|
