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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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Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
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- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- White Energy Company Limited
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Australian Coal Association
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- PTC India Limited - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
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