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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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Friday, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...
Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...
Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012.
Nur Pamudj ...
Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
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- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
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- Romanian Commodities Exchange
- Australian Coal Association
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
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- Uttam Galva Steels Limited - India
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- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
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- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
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- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Ministry of Mines - Canada
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