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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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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
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- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
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- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
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- Eastern Energy - Thailand
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- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- The University of Queensland
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
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- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Bangladesh Power Developement Board
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- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Australian Coal Association
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Chamber of Mines of South Africa
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- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
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- TeaM Sual Corporation - Philippines
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- London Commodity Brokers - England
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
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- VISA Power Limited - India
- Indonesian Coal Mining Association
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- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
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- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
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- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
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- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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- Electricity Authority, New Zealand
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
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- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
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- India Bulls Power Limited - India
- ICICI Bank Limited - India
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- Directorate General of MIneral and Coal - Indonesia
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