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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
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Tuesday, 27 April 10
S.KOREA EWP SEEKS 0.520 MILLION TONS OF SUB-BITUMINOUS COAL
COALspot.com: South Korea East West Power Company has called for term bids for supply of Sub-bituminous Coal for Dangjin Thermal Power Pla ...
Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
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- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
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