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Monday, 12 October 09
INDONESIAN COAL MINER SAYS PLANS IPO IN 2010
Reuters reported that, Indonesian coal miner PT Bhakti Energi Persada plans an initial public offering in the first quarter of 2010 to develop coal mines in East Kalimantan, the firm's president director said on Monday.
A consortium of PT Persada Capital Investama and PT Triputra Investindo Arya, which are also stakeholders in coal producer Adaro Energy own a combined 65 percent shares in Bhakti Energi and the rest is owned by individual investors.
Jeffrey Mulyono, Bhakti's president director, told reporters on the sidelines of the Coaltrans 3rd Coal Mining Operations and Economics confererence in Jakarta that the miner planned to apply to the capital market regulator in January and the IPO could take place in March or in April.
He did not say how much the miner aimed to raise from the IPO but said proceeds raised would be used to finance infrastructure development at its Wahau mine in East Kalimantan.
Local media have reported that PT Bhakti had appointed PT Bahana Securities as the underwriter for the offering.
Bhakti Energi has eight mining concessions. One has started production with mineable coal reserves of 127 million tonnes, while the remaining seven concessions, where mining has not yet started, have combined mineable reserves of 5.7 billion tonnes.
Mulyono said the miner expected to produce 1.3 million tonnes of coal in 2010, increasing to 3 million tonnes in 2011.
He said the firm, which produces coal with a heating value of 3,500 kcal/kg as-received, has signed contracts to sell 250,000 tonnes of coal this year.
"We are selling 100,000 (tonnes) to an Indian utility and the remaining to local buyers. These are trial shipments," Mulyono said, adding it would start shipping by the end of October.
Source: Reuters
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Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
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- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- White Energy Company Limited
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
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