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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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- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Minerals Council of Australia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Tamil Nadu electricity Board
- Latin American Coal - Colombia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- White Energy Company Limited
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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