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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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Tuesday, 13 September 11
CAPITAL COSTS OF INDIAN COAL MINING PROJECT - AN ANALYST VIEW
By Mr Dipesh Dipu, Director - Consulting (Mining), Deloitte Touche Tohmatsu India Private Limited
The coal mining sector that has been opened par ...
Tuesday, 13 September 11
INDONESIAS COAL SECTOR EYES 2012 BOOM - JG
The Jakarta Globe, Indonesian English language News paper reported that, Coal production is set to surge next year as coal miners bolster their busi ...
Tuesday, 13 September 11
DRY BULK RALLY MAINTAINS MOMENTUM AT START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum at the start of the week, as the industry’s benchmark, the Baltic Dry Index (BDI) was up by 2.07% ...
Monday, 12 September 11
INDONESIAN GOVERNMENT HAS ALLOCATED MORE COAL FOR 2012
COALspot.com - Indonesian government has increased the domestic market obligation allocation to 82.07 million tons of coal for 2012, which is 4 perc ...
Saturday, 10 September 11
THE FREIGHT MARKET LIKELY TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued the upward trend during last week with BDI crossing 1,800 points and closing at 1,838 points up by 5.63 ...
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- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
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