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Tuesday, 24 June 14
INDONESIAN COAL MINER TARGETS RP 313 BILLION IPO
COALspot.com: Indonesian coal miner PT Mitrabara Adiperdana is aiming to raise up to Rp 313 billion to Rp 368 billion (approximately $26.133 million to $30.725 million) from an initial public offering next month.
The company is expected to sell around 273.03 million shares, or 22 percent of its share, at a range of Rp.1,150-1,350.
Mitrabara, part of PT Baramulti Sugih Sentosa group has a coal mine in Loreh, South Malinau District, North Kalimantan. The total mining area is 1,930 hectares (ha) and 1,030 ha. According to market information coal from Milinau area contains high calorific value compared to other areas in north Kalimantan.
Sucorinvest Central Gani and Danareksa Sekuritas are acting as offering's underwriters.
According to media reports, Japanese energy company Idemitsu Kosan Co Ltd, has an option to buy an up to 27 percent stake in Mitrabara. The company is also planning to produce around 2.5 million tons of coal per annum and targeting Japan as its prime buyer for its coal. The company also believes that, the Japanese buyers will pay higher for their coal compare to buyer of other countries.
If the offering goes ahead, Mitrabara will be the first Indonesian coal miner to pursue an IPO in the last two years. The global coal prices have fallen significantly since 2012 and still there is no sign of recovery. Coal prices are still under pressure due to high output and fewer demand from emerging markets.
Coal analysts are believe coal prices will recover early next year from current levels.
(1 USD = Rp.11,977)
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Friday, 04 July 14
US: WEEKLY COAL PRODUCTION SLIGHTLY UP W-O-W
COALspot.com – United States the world's second largest coal producer, produced approximately 19.4 million short tons (mmst) of coa ...
Friday, 04 July 14
PARAM MITRA COAL RESOURCES SECURES US$ 7.5M INVESTMENT FROM TEMBUSU PARTNERS
Param Mitra Coal Resources Pte Ltd (“PMCR”), which owns two operating coal mines in Indonesia, has secured from Singapore private equit ...
Thursday, 03 July 14
BUMI TRANSFERS 19% OF KPC STAKE VALUED AT US$ 950 MILLION TO CIC
COALspot.com: PT. Bumi Resources announces that 19% of its holdings in Kaltim Prima Coal (KPC), valued at US$ 950 million, has been transferred to ...
Thursday, 03 July 14
PANAMAX : IN THE ATLANTIC, OWNERS ARE WILLING TO FIX AT ABOUT $2.5K PER DAY - FEARNEYS
Handy
In its latest weekly report, shipbroker Fearneys noted that, this week seems to have been more of a wait and see game between owners and ch ...
Wednesday, 02 July 14
NEWMONT FILES FOR INTERNATIONAL ARBITRATION ON ORE EXPORT BAN - THE JAKARTA POST
PT Newmont Nusa Tenggara (NNT), a subsidiary of United States-based Newmont Corporation, has filed for international arbitration against the govern ...
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- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
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