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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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Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
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- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Ministry of Mines - Canada
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
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