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Tuesday, 24 June 14
INDONESIAN COAL MINER TARGETS RP 313 BILLION IPO
COALspot.com: Indonesian coal miner PT Mitrabara Adiperdana is aiming to raise up to Rp 313 billion to Rp 368 billion (approximately $26.133 million to $30.725 million) from an initial public offering next month.
The company is expected to sell around 273.03 million shares, or 22 percent of its share, at a range of Rp.1,150-1,350.
Mitrabara, part of PT Baramulti Sugih Sentosa group has a coal mine in Loreh, South Malinau District, North Kalimantan. The total mining area is 1,930 hectares (ha) and 1,030 ha. According to market information coal from Milinau area contains high calorific value compared to other areas in north Kalimantan.
Sucorinvest Central Gani and Danareksa Sekuritas are acting as offering's underwriters.
According to media reports, Japanese energy company Idemitsu Kosan Co Ltd, has an option to buy an up to 27 percent stake in Mitrabara. The company is also planning to produce around 2.5 million tons of coal per annum and targeting Japan as its prime buyer for its coal. The company also believes that, the Japanese buyers will pay higher for their coal compare to buyer of other countries.
If the offering goes ahead, Mitrabara will be the first Indonesian coal miner to pursue an IPO in the last two years. The global coal prices have fallen significantly since 2012 and still there is no sign of recovery. Coal prices are still under pressure due to high output and fewer demand from emerging markets.
Coal analysts are believe coal prices will recover early next year from current levels.
(1 USD = Rp.11,977)
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Wednesday, 02 July 14
THE PANAMAX MARKET CONTINUED TO BLEED FOR ANOTHER WEEK - INTERMODAL
COALspot.com: The Dry Bulk market succumbed to mounting pressure this past week, while the Capesize market proved unable to “save the day&rdq ...
Wednesday, 02 July 14
HANDY BULKERS PROVE TO BE THE MOST SOUGHT AFTER VESSELS OVER THE PAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The Handy dry bulker proved to be the most sought after ship by ship owners active in the second hand market, which saw a slight decline in terms o ...
Wednesday, 02 July 14
SHIPPING: MARKET INSIGHT - GEORGE DERMATIS
After 6 months, 57 ministerial meetings and 67 political agreements, the journey of the Greek Presidency in the EU reached its end yesterday; only ...
Tuesday, 01 July 14
INDIAN POWER PLANT COAL STOCKPILES VERY LOW
COALspot.com: According to today's Weekly Dry Bulk Report published by Commodore Research, Indian power plant coal stockpiles have now fallen t ...
Monday, 30 June 14
SUB-BIT FOB INDONESIA COAL PRICES ARE STILL STRUGGLING TO RECOVER
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on week and on month according to AsiaClear OTC coal swap's reports release ...
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- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- The University of Queensland
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
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