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Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's previous initial public offering (IPO) held between July 1 and 3.
Through the IPO, the company offered 73 percent its shares to the public at the price of Rp 115 a share and managed to secure Rp 210 billion in proceeds.
Garda director for business development Socrates Rudy Sirait says that the company will use 45.27-percent of the proceeds for capital expenditure, 9.19 percent for loan refinancing and 45.55 percent for working capital.
With that budget, the company targets to produce 900,000 tons of coal by the end of the year and will double it to the level of 1.8 million tons in 2010.
Last year, the company produced 30,000 tons of coal.
The company has a coal concession in Bunyu island, East Kalimantan with a total coal reserve of 140 million tons.
Source: The Jakarta Post
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Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
Friday, 24 July 09
INDIA TAKES 9 MILLION TONNES S. AFRICAN COAL JAN - JUNE
Reuters reported that, India accounted for nearly 9 million tonnes of South Africa's January-June exports of around 28 million tonnes, industry sour ...
Thursday, 23 July 09
KOMIPO LAUNCHES TWO COAL TENDERS
Korea Midland Power on Wednesday launched two tenders to procure bituminous or semi-anthracite coal for August to September delivery. Bids close on J ...
Thursday, 23 July 09
GUANGDONG BUYERS SET TO IMPORT 2.3 MILLION MT FROM VIETNAM - MEDIA
Several coal-consuming companies in China’s Guangdong Province, headed by Guangdong Yudean Group (Guangdong Power Generation Group), have inke ...
Thursday, 23 July 09
KEPCO BUYS 1.5% STAKE IN ADARO ENERGY FOR US$ 56.5M
WSJ reported that, state-run utility Korea Electric Power Corp., or Kepco, Thursday said it has acquired a 1.5% stake in Indonesian coal miner, PT A ...
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- Ministry of Transport, Egypt
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- Sojitz Corporation - Japan
- Parliament of New Zealand
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- Alfred C Toepfer International GmbH - Germany
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- Economic Council, Georgia
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- Eastern Coal Council - USA
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- Romanian Commodities Exchange
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- Deloitte Consulting - India
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- Indian Oil Corporation Limited
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- Carbofer General Trading SA - India
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- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
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- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
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- Anglo American - United Kingdom
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- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
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- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
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- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
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- Altura Mining Limited, Indonesia
- Mintek Dendrill Indonesia
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- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
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- Sical Logistics Limited - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
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- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
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- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
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- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
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