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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, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...
Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...
Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...
Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing a 1.5 folds increase in revenue this year from Rp4. ...
Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...
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- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Minerals Council of Australia
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
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