We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
 All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month. It expects to raise about R1,6bn in the initial public offering (IPO).
Optimum Coal is the sixth-largest producer and the fourth-largest exporter of thermal coal in SA - after Anglo American, BHP Billiton and Xstrata - with operations in Witbank, Mpumalanga.
The black economic empowerment company's prominent board members include nonexecutive chairman Sivi Gounden, a former director-general at the Department of Public Enterprises, and businessman and former Eskom chairman Bobby Godsell.
The listing comes as analysts have forecast IPO activity in the global mining sector will gather pace this year as companies seek alternative ways of funding after the devastating credit crunch a year ago.
Optimum said it expected to raise R1,6bn through a subscription for new shares and an offer for sale by certain shareholders.
The offer consists of the sale of up to 42,75-million fully paid ordinary shares priced between R34 and R37, made up of an offer for subscription of 24-million shares and an offer for sale by the selling shareholders of up to 18,75- million ordinary shares. The price of the shares will be announced on March 24.
The company said it would be meeting with invited individuals and institutions in SA and abroad over the next two weeks, ahead of the listing.
CEO Mike Teke said the listing came at a time of robust demand for coal. "Optimum has strategically located operations with good access to rail infrastructure, rapid loading and export facilities, and a large export entitlement at Richards Bay Coal Terminal.
"We are cash generative and have a strong balance sheet, which provides a sound platform for growth. We believe the time is right for Optimum to list as there are few pure coal plays on the JSE. We can now begin accelerating towards our vision to become the benchmark South African-owned and controlled coal mining and exploration group."
Last month Ernst & Young said the credit squeeze in 2008 fundamentally changed the way the industry will be financed in future. Equity was expected to play a greater role in the next wave of growth, with the IPO market starting to recover this year.
"Following the decline of the project finance model, we could see a return to individual mines being floated, with proceeds used for development and investors sharing in the profits when the mine goes into production.
"A recovery in IPOs has begun, but will require a sustainable period of stability in global stock markets and metals prices to return to former levels."
Source: All Africa - By:Bheki Mpofu
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy
Atlantic markets remain firm. Supramaxes open in USG are now achieving low/mid&n ...
Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...
Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...
Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...
|
|
|
Showing 5856 to 5860 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
|
| |
| |
|
