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Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO
 * Company valued at around $8-$9 bln - banking source
* IPO could take place in H1 - source
* May list 25 pct of share capital - report
Reuters reported that, SUEK, Russia's largest steam coal producer, is considering an initial public offering (IPO) of shares next year in London, three banking industry sources told Reuters on Monday.
The sources did not say how much SUEK, which is controlled by tycoons Andrei Melnichenko and Sergei Popov, is looking to raise, though one said the entire company was worth between $8 billion and $9 billion.
The same source said the listing would take place in the first half of 2010, while the others said no date had been set.
"There haven't been any good opportunities in this sector for a long time, and the sector is on its way up, so therefore this will be a positive story," one banker said, on condition of anonymity.
Russian aluminium company UC RUSAL is pushing ahead with a $2 billion Hong Kong IPO slated for early 2010, despite a ban on a retail tranche that has reduced the offering to little more than a Russian state bailout.
Two sources said SUEK had yet to decide which banks would lead the IPO. The company could not immediately be reached for comment.
British newspaper The Independent on Sunday cited an unnamed source as saying SUEK could list 25 percent of its shares in London and Moscow in the first half of next year in order to raise money to fund additional projects.
The paper said global heavyweights UBS, Credit Suisse, Morgan Stanley, Goldman Sachs, Citigroup, Deutsche Bank and Bank of America Merrill Lynch were all seeking to participate in the deal.
Russia's VTB and Renaissance Capital had also offered their services to the miner, it added.
SUEK will conduct a second round of interviews with the banks this week and make a final decision shortly thereafter.
The company, which mined 96.2 million tonnes of steam coal last year, originally planned to sell shares to the public in 2008. It abandoned these plans because of the financial crisis, the newspaper wrote.
SUEK is also a major shareholder in a number of Siberian and Far Eastern power companies with total generating capacity of 13 gigawatts.
Source: Reuters
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Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
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