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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, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- The University of Queensland
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
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