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