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Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
 The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) next month, which could be the country’s biggest IPO this year.
According to the company’s prospectus, Berau could sell up to 7 billion new shares or 18.18 percent of its enlarged stocks during the IPO. The shares will be sold at between Rp 300 (US$0.033) and Rp 400 during the offering period, which would be carried out from Aug. 10 — 12.
The shares would be listed on the Indonesian Stock Exchange (IDX) on Aug. 19.
Berau said earlier that it expected to raise up to Rp 2.8 trillion (about $310 million) from the IPO, which could be the biggest this year. The Rp 2.6 trillion in IPO proceeds recorded by PT Benaket Petroleum Energy in January is considered the largest.
Berau said that 92 percent of the proceeds would be used to strengthen the company’s capital expenditure, and the remaining 8 percent to fund the acquisition of Maple Holdings Ltd.
The IPO will reduce PT Bukit Mutiara’s share ownership in PT Berau Coal Energy to 81.81 percent. PT Bentara Energy Asia Utama holds 0.01 percent with the investing public owning the remaining 18.18 percent.
PT Danatama Makmur and PT Recapital Securities have been appointed as underwriters for the IPO.
However, Vicky Ganda Saputra, vice president of investment banking at Danatama Makmur, told reporters Wednesday the proceeds from the IPO might be downsized to $100 million as the company might receive $750 million from bank loans and bond offerings this year.
Rosan P. Roeslani, president director of Berau’s parent company PT Bukit Mutiara, said earlier that Berau was set to launch five-year global bonds worth $350 million and was expecting another $450 million of syndicated bank loans with a four-year tenor.
Berau currently operates 118,400 hectares of three active mines in East Kalimantan, and will soon expand into three new mine locations.
Berau, which has planned to allocate $48 million for capital expenditure this year, said it produced 8 million tons of coal output in the first half.
With the increase in capital expenditure, Berau expects it can to increase its production to 17.9 million tons this year from 14.6 million.
Berau’s director John J. Ramos said during the first semester of this year, total sales reached about 8 million tons with an average price of US$58 per ton.
He said the company’s total revenue rose to $475 million during the first semester of this year from $376 million in the same period last year, partly due to an increase in coal sales.
“The average coal price reached $56.7 per ton last year. This year, we hope the average coal price will stay at about $58 per ton at the end of the year,” he said.
He added the sales prospects for the coming years were promising due to a surging demand from both domestic and foreign buyers. (est)
Source: The Jakarta Post
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Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
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- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
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