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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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Wednesday, 09 December 09
COAL INDIA YET TO IMPLEMENT IMPORT LINKED PRICES
Coal India Ltd is adopting a conservative approach in pricing despite being allowed to charge import-linked price for the country's minuscule reser ...
Wednesday, 09 December 09
INDIA NEEDS TO IMPORT 29 MILLION TONNE STEAM COAL IN 2009 - 10
Mr Sriprakash Jaiswal Indian minister of state (Independent Charge) for coal informed the Rajya Sabha that Central Electricity Authority has estimat ...
Tuesday, 08 December 09
VOLATILE COAL PRICES SPUR ASIAN HEDGING
Volatile coal prices are forcing staid Asian power firms to change the way they buy fuel, setting the scene for a hedging boom as a growing array of ...
Tuesday, 08 December 09
MEC TO SHIP 2M T INDONESIA COAL TO INDIA IN 2010 - REUTER'S INTERVIEW
The UAE's Middle East Coal plans to start operation of coal mines in Indonesia's East Kalimantan province next year with initial production of 2 m ...
Tuesday, 08 December 09
RICHARDS BAY COAL SHIPMENTS FELL 11% IN NOVEMBER FROM YEAR AGO
Coal exports from South Africa’s Richards Bay, site of the continent’s largest export terminal for the fuel, fell 11 percent in November ...
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- Jorong Barutama Greston.PT - Indonesia
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- Sarangani Energy Corporation, Philippines
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- Indian Oil Corporation Limited
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
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- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
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- Deloitte Consulting - India
- Wood Mackenzie - Singapore
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- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
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- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
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- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
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- European Bulk Services B.V. - Netherlands
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- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
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- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
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- Global Green Power PLC Corporation, Philippines
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- Karbindo Abesyapradhi - Indoneisa
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- Thiess Contractors Indonesia
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- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Independent Power Producers Association of India
- White Energy Company Limited
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
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- Central Electricity Authority - India
- Coalindo Energy - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
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- Economic Council, Georgia
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- The Treasury - Australian Government
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- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
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- Coal and Oil Company - UAE
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- Sojitz Corporation - Japan
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- Eastern Energy - Thailand
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- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
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- VISA Power Limited - India
- MS Steel International - UAE
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- Directorate General of MIneral and Coal - Indonesia
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- Chamber of Mines of South Africa
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- Electricity Authority, New Zealand
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- Trasteel International SA, Italy
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