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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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- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- The University of Queensland
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- White Energy Company Limited
- Australian Coal Association
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- ICICI Bank Limited - India
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