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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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Monday, 07 November 11
CHINA'S COAL IMPORTS STEAM AHEAD
Chinese seaborne coal imports have grown greatly in recent years, up from 39.2mt in 2008 to 167.7mt in 2010, with the result that China became a net ...
Saturday, 05 November 11
DEMAND SLUMP THREATENS MORE PAIN FOR BULK VESSELS - VISTAAR
COALspot.com - The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also co ...
Saturday, 05 November 11
BERAU STARTS TO EXPLORE BINUNGAN SITE - INSIDER STORIES
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in B ...
Friday, 04 November 11
INDIAN IRON ORE MARKET REMAINS DEAD - FEARNLEYS
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, wit ...
Thursday, 03 November 11
DRY BULK MARKET OFFICIALLY IN THE RED ON LOWER CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept falling yesterday, on lower iron ore demand, which has caused the industry’s benchmark, the BDI (Baltic Dry Index) to ...
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- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Planning Commission, India
- India Bulls Power Limited - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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