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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, 19 December 11
PLN WILL NO LONGER BUY COAL FROM TRADERS
COALspot.com - Indonesia's state electricity company PT Perusahaan Listrik Negara will no longer allow traders to become their suppliers, said, its ...
Saturday, 17 December 11
THE FREIGHT MARKET SEEMS TO HAVE ALMOST BOTTOMED OUT AND MAY REMAIN STEADY AT THESE LEVELS CAPT REDDY
COALspot.com - The BDI and Cape index closed lower this week with BDI closing at 1,888 points (down by 1.76 pct) and Cape index at 3,572 points (dow ...
Friday, 16 December 11
DRY BULK MARKET LOSES TRACK ON CAPESIZE LOSSES, SHIP FINANCING REMAINS TROUBLESOME - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn’t manage to sustain earlier gains, losing track yesterday, on reduced Capesize demand and persisting troubles in smal ...
Thursday, 15 December 11
BERAU SEES INDIA AS POTENTIAL MARKET FOR LOW-CALORIE COAL - THE JAKARTA POST
The Jakarta Post reported that, Publicly listed coal mining company PT Berau Coal Energy (BRAU), the fifth largest coal producer in Indonesia, sees ...
Thursday, 15 December 11
PANAMAX HARDLY AFFECTED BY THE RECENT FIRMER TENDENCY FOR THE BIG SISTERS - FEARNBULK
Handy
The rates are more or less the same as last week. Continent/US Gulf fixing at tick below USD 10k and Gulf/Continent levels at USD 25k. Trips ...
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Showing 4926 to 4930 news of total 6871 |
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- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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