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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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Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
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- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- The University of Queensland
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
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