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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 $30.725 million) from an initial public offering next month.
The company is expected to sell around 273.03 million shares, or 22 percent of its share, at a range of Rp.1,150-1,350.
Mitrabara, part of PT Baramulti Sugih Sentosa group has a coal mine in Loreh, South Malinau District, North Kalimantan. The total mining area is 1,930 hectares (ha) and 1,030 ha. According to market information coal from Milinau area contains high calorific value compared to other areas in north Kalimantan.
Sucorinvest Central Gani and Danareksa Sekuritas are acting as offering's underwriters.
According to media reports, Japanese energy company Idemitsu Kosan Co Ltd, has an option to buy an up to 27 percent stake in Mitrabara. The company is also planning to produce around 2.5 million tons of coal per annum and targeting Japan as its prime buyer for its coal. The company also believes that, the Japanese buyers will pay higher for their coal compare to buyer of other countries.
If the offering goes ahead, Mitrabara will be the first Indonesian coal miner to pursue an IPO in the last two years. The global coal prices have fallen significantly since 2012 and still there is no sign of recovery. Coal prices are still under pressure due to high output and fewer demand from emerging markets.
Coal analysts are believe coal prices will recover early next year from current levels.
(1 USD = Rp.11,977)
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Monday, 30 June 14
WEEKLY CFR SOUTH CHINA COAL SWAPS DECLINE CONTINUES; Q1'15 LOST US$ 4.55 PMT IN A WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 fell US$ 5.25 month on month on Friday, dipping under $69 a tone. The CFR South Ch ...
Monday, 30 June 14
INDO - INDIA FREIGHT RATES CONTINUE TO WEAK
COALspot.com: The latest dry Index shows that average all-in spot freight declined, the Panamax and Supramax slipping by 9.11 percent and 4% respec ...
Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ...
Thursday, 26 June 14
PANAMAX : A PACIFIC ROUND PAYS AROUND US$ 3K DAILY - FEARNLEYS AS
Handy
In the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to US$ 5,500 ...
Thursday, 26 June 14
KOMIPO INVITES BIDS FOR TOTAL 750K MT OF BITUMINOUS COAL FOR 3CY
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) has issued a new tender for supply of total 250,000 MT of bituminous co ...
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- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
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