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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, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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- Anglo American - United Kingdom
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
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