We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
Monday, 24 October 11
CAPESIZE RENTAL RATES RISE FOR THIRD DAY AS MORE SHIPS HIRED - HELLENIC SHIPPING
Rates to hire capesize vessels advanced for a third day on signs of increased demand to transport iron ore, used to make steel.Daily rates for the s ...
|
|
|
Showing 5011 to 5015 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- ICICI Bank Limited - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Thiess Contractors Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
|
| |
| |
|
