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Tuesday, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
 The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ($291.2 million) from an initial public offering next month.
The share sale would be the third-biggest IPO by an Indonesian company this year.
Andi Djajanegara, the president director of ABM, said the company planned to sell 550.6 million shares, or a 20 percent stake, for between Rp 3,250 and Rp 4,650 per share.
The Jakarta-based company said it would use 66 percent of the proceeds to finance the expansion of its units, 27 percent to repay debt and the remainder to boost its capital.
“We want to develop our five core businesses’’ with the proceeds from the sale, Andi said.
Those businesses are coal production, contract mining, integrated logistics, power solutions and engineering.
ABM plans to more than quadruple its coal production by 2015 from 2.7 million tons to meet rising demand in the global market. The company’s production has already hit 90 percent of its target for this year.
“China and India lead in coal demand, coupled with domestic demand,’’ Andi said.
ABM Investama’s total concession area covers 7,703 hectares with coal reserves of 221 million tons. It has mines in South Kalimantan and one in Aceh in Sumatra.
The company reported a net income of Rp 208.2 billion in the first six months of the year on revenue of Rp 2.8 trillion.
Cipta Kridatama, an ABM unit involved in contract mining, contributed the bulk of the company’s top-line figure, with first-half revenue of Rp 1.2 trillion.
The company has hired Morgan Stanley, Macquarie and Mandiri Sekuritas, a unit of Bank Mandiri, to help with the IPO.
Based on the IPO price range, ABM Investma’s price-to-earnings ratio would be 7.5 to 10.8, according to Iman Rachman, a director at Mandiri Sekuritas.
“Investors need to understand that this company is a diversified mining company. The PE ratio reflects its diverseness,” he said. “Its main revenue is still from its mining contractor services. But with the expansion, it will focus more on coal mining.”
The share offering will run from Nov. 28-30 with a planned listing on the Indonesia Stock Exchange on Dec. 5.
Other coal companies have gone public recently. Atlas Resources raised Rp 975 billion from an offering last week and its shares began trading on Tuesday.
Garuda Indonesia, the nation’s flag carrier, had the biggest IPO so far this year when it raised Rp 4.7 trillion in February. Salim Ivomas Pratama, the plantation unit of Indofood Group, raised Rp 3.48 trillion from its June offering.
The Hamami family also controls Trakindo Utama, the sole authorized Indonesian dealer for heavy equipment maker Caterpillar, but that is not involved in the IPO.
Source: The Jakarta Globe
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Thursday, 27 October 11
CAPESIZE REACHING NEW HIGHS - FEARNLEYS
Handy
Pacific market has mixed sentiments with tonnages fixed at firm levels and some tonnages in feast failing on subs.For indo-india, large eco ...
Thursday, 27 October 11
DRY BULK MARKET EDGES DOWN AS CHINAS IRON ORE DEMAND LOSES GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A plunge in Chinese iron ore demand, as a result of high steel inventories and a bleak outlook regarding steel prices, has prompted the dry bulk mar ...
Thursday, 27 October 11
BUKIT ASAM 3Q PROFIT SURGES 66.91%
Insider Stories reported that, the state-controlled coal miner PT Bukit Asam Tbk (PTBA) experienced a 66.91% increase in its net profit during a per ...
Wednesday, 26 October 11
MOODYS SEES MORE GROWTH FOR INDONESIAN COAL MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal mining industry looks set to grow despite an uncertain global economic outlook, according to ...
Wednesday, 26 October 11
PWCS GLOBAL SHIPPING BENCHMARKING ANALYSIS: RECOVERY IN 2010 BUT GREAT UNCERTAINLY FOR 2011
The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...
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- Minerals Council of Australia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- VISA Power Limited - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
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