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Wednesday, 08 August 12
EXPLOITASI AIMS TO RAISE RP 2.7T FOR ACQUISITION - THE JAKARTA POST
 The Jakarta Post reported that, publicly listed coal miner PT Exploitasi Energi Indonesia (CNKO) is seeking to raise Rp 2.7 trillion (US$286.2 million) from a rights shares offering to take over a company that could expand its coal outreach, according to the world’s largest thermal coal exporter.
The papaer further said that, exploitasi Energi planned to acquire a 99.97 percent stake in a company with interests in coal mining called EBI, which is jointly owned by Exploitasi Energi’s president commissioner, Andri Cahyadi, and vice president director, Henri Setiadi, a prospectus released on Monday stated.
EBI will then use the funds to take over smaller affiliated firms engaged in energy and coal mining, namely ABE, DGL, KGB, SRI and TLS. The prospectus did not disclose the full names of the companies.
“The development of those assets is expected to ensure the company’s growth in the short and medium terms, and give stable growth for cash flow to, among other things fund the company’s expansion in the energy business in line with the company’s growth plans,” Exploitasi Energi said in the published
prospectus.
While the booming prices and demand for coal is expected to ease this year on weakening global conditions, observers have said that demand for Indonesian coal would remain stable as coal remained the energy of choice for power generators throughout the region. Nationwide coal output is poised to reach 360 million tons this year, down from around 371 million tons last year.
Exploitasi Energi has a 498.7 hectare mining concession located in Tanah Laut, South Kalimantan, with 18 million tons of coal reserves. The company began operations in 2004 and has mined a total of 120,000 tons of coal since then.
“[The acquisition] will increase the company’s revenue potential in the future given the interesting prospects in the coal and energy industries,” Exploitasi Energi wrote.
The company reaped Rp 391.81 billion in revenue for the first three months of this year, up 76.7 percent from the same period a year ago, pushing up net profits by 30.34 percent to Rp 25.43 billion. Drivers of the revenue increase were Rp 369.44 billion in coal sales and Rp 20.9 billion worth of income from electricity generated by the Pangkalan Bun steam power plant.
Exploitasi Energi has appointed PT Danareksa Sekuritas to arrange and sell the rights shares, which will be offered later this year, between Oct. 11 and Oct. 17. The new shares will be listed on the Indonesia Stock Exchange (IDX) on Oct. 10.
Rights shares are new shares issued to a company’s existing shareholders. If the rights are not exercised, the investors’ stake will be diluted, allowing new shareholders to enter. Holders of 100 Exploitasi Energi shares are entitled to buy 127 rights shares. If they do not absorb the stocks, their share ownership will be diluted by up to 55.98 percent.
Exploitasi Energi will offer 5.4 billion rights shares — representing 55.98 percent of its enlarged stake — at up to Rp 500 each, more than double the company’s stock price of Rp 194 apiece as of Monday trading. The company’s shares soared 11.49 percent following the corporate action announcement, with market capitalization reaching around Rp 850 billion.
Source: The Jakarta Post
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Sunday, 22 July 12
NEW CHAIRMAN FOR AUSTRALIAN COAL ASSOCIATION
The Australian Coal Association (ACA) announced that Mr Ross Willims has been appointed as its new independent Chairman effective November 5 2012. M ...
Sunday, 22 July 12
CENTRAL KALIMANTAN COAL RAILWAY NETWORK WILL BE BUILT BY 2015 - THE BORNEO POST
The borneo post reported that, a declaration to build a coal railway network is signed today (12/07/2012) in front of the Indonesian Vice President ...
Sunday, 22 July 12
COAL PRICES IN MIXED TRENDS; STOCKS REMAIN HIGH AT BOTH ENDS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery fell 0.99 percent on last Friday closing (d-o-d) and 1.19 percent com ...
Sunday, 22 July 12
TATA POWER SIGNS A LONG TERM COAL SUPPLY AGREEMENT WITH PT ANTANG GUNUNG MERATUS, INDONESIA
COALspot.com - Tata Power, India’s largest integrated power utility, last Friday announced that it has signed a long term coal suppl ...
Saturday, 21 July 12
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market was soft this week as all the segments were down.
The BDI was down by 6.58 pct closing at 1,037 points and the ...
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- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- The University of Queensland
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
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