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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
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- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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