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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, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
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- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
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- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
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- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
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- Directorate Of Revenue Intelligence - India
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- Economic Council, Georgia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
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- Heidelberg Cement - Germany
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- Baramulti Group, Indonesia
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- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
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- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
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- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
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- Global Coal Blending Company Limited - Australia
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- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
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- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- ASAPP Information Group - India
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- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
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- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Parliament of New Zealand
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- Altura Mining Limited, Indonesia
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- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
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- Directorate General of MIneral and Coal - Indonesia
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- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
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- Eastern Coal Council - USA
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- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
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- Coal and Oil Company - UAE
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
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- Karbindo Abesyapradhi - Indoneisa
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- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
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- The University of Queensland
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