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Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
 The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 million) from a rights shares offering to take over a company that could expand its coal outreach, according to the world’s largest thermal coal exporter.
The papaer further said that, exploitasi Energi planned to acquire a 99.97 percent stake in a company with interests in coal mining called EBI, which is jointly owned by Exploitasi Energi’s president commissioner, Andri Cahyadi, and vice president director, Henri Setiadi, a prospectus released on Monday stated.
EBI will then use the funds to take over smaller affiliated firms engaged in energy and coal mining, namely ABE, DGL, KGB, SRI and TLS. The prospectus did not disclose the full names of the companies.
“The development of those assets is expected to ensure the company’s growth in the short and medium terms, and give stable growth for cash flow to, among other things fund the company’s expansion in the energy business in line with the company’s growth plans,” Exploitasi Energi said in the published
prospectus.
While the booming prices and demand for coal is expected to ease this year on weakening global conditions, observers have said that demand for Indonesian coal would remain stable as coal remained the energy of choice for power generators throughout the region. Nationwide coal output is poised to reach 360 million tons this year, down from around 371 million tons last year.
Exploitasi Energi has a 498.7 hectare mining concession located in Tanah Laut, South Kalimantan, with 18 million tons of coal reserves. The company began operations in 2004 and has mined a total of 120,000 tons of coal since then.
“[The acquisition] will increase the company’s revenue potential in the future given the interesting prospects in the coal and energy industries,” Exploitasi Energi wrote.
The company reaped Rp 391.81 billion in revenue for the first three months of this year, up 76.7 percent from the same period a year ago, pushing up net profits by 30.34 percent to Rp 25.43 billion. Drivers of the revenue increase were Rp 369.44 billion in coal sales and Rp 20.9 billion worth of income from electricity generated by the Pangkalan Bun steam power plant.
Exploitasi Energi has appointed PT Danareksa Sekuritas to arrange and sell the rights shares, which will be offered later this year, between Oct. 11 and Oct. 17. The new shares will be listed on the Indonesia Stock Exchange (IDX) on Oct. 10.
Rights shares are new shares issued to a company’s existing shareholders. If the rights are not exercised, the investors’ stake will be diluted, allowing new shareholders to enter. Holders of 100 Exploitasi Energi shares are entitled to buy 127 rights shares. If they do not absorb the stocks, their share ownership will be diluted by up to 55.98 percent.
Exploitasi Energi will offer 5.4 billion rights shares — representing 55.98 percent of its enlarged stake — at up to Rp 500 each, more than double the company’s stock price of Rp 194 apiece as of Monday trading. The company’s shares soared 11.49 percent following the corporate action announcement, with market capitalization reaching around Rp 850 billion.
Source: The Jakarta Post
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Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
Wednesday, 18 July 12
SHIP PRICES HAVE FALLEN RAPIDLY THIS YEAR, FAVORING INVESTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The price for a 5 year old Capesize dry bulk carrier of 172,000 dwt has fallen to about $33,4mil from $42.9 at the end of June 2011, while at end of ...
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Showing 4651 to 4655 news of total 6871 |
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- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- The University of Queensland
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
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