We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
|
|
|
Showing 5691 to 5695 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Parliament of New Zealand
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Australian Coal Association
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
|
| |
| |
|
