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.
|
|
Saturday, 06 February 10
COAL MINISTRY SEEKS CUT IN IMPORT DUTY
The coal ministry wants the finance ministry to reduce the 5.1% import duty on thermal coal and continue with the existing zero import duty on cokin ...
Friday, 05 February 10
IN 2010, CHINA COAL OUTPUT TO REACH AROUND 3.3BLN T
It is expected that China's coal production in 2010 will reach around 3.3bln tons. It is predicted that in the first quarter of 2010, the tight coa ...
Thursday, 04 February 10
INDIA REMAINS FIRM - FEARNRESEARCH
CHARTERING - DRY BULK
Handy
The BSI has continued it´s downward movement for 2 weeks now.Nevertheless activity in the atlantic remains bu ...
Thursday, 04 February 10
INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT & INFRASTRUCTURE ASIA 2010
IPFA TO JOIN INF ...
Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
|
|
|
Showing 6021 to 6025 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Aditya Birla Group - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
|
| |
| |
|
