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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 $30.725 million) from an initial public offering next month.
The company is expected to sell around 273.03 million shares, or 22 percent of its share, at a range of Rp.1,150-1,350.
Mitrabara, part of PT Baramulti Sugih Sentosa group has a coal mine in Loreh, South Malinau District, North Kalimantan. The total mining area is 1,930 hectares (ha) and 1,030 ha. According to market information coal from Milinau area contains high calorific value compared to other areas in north Kalimantan.
Sucorinvest Central Gani and Danareksa Sekuritas are acting as offering's underwriters.
According to media reports, Japanese energy company Idemitsu Kosan Co Ltd, has an option to buy an up to 27 percent stake in Mitrabara. The company is also planning to produce around 2.5 million tons of coal per annum and targeting Japan as its prime buyer for its coal. The company also believes that, the Japanese buyers will pay higher for their coal compare to buyer of other countries.
If the offering goes ahead, Mitrabara will be the first Indonesian coal miner to pursue an IPO in the last two years. The global coal prices have fallen significantly since 2012 and still there is no sign of recovery. Coal prices are still under pressure due to high output and fewer demand from emerging markets.
Coal analysts are believe coal prices will recover early next year from current levels.
(1 USD = Rp.11,977)
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Monday, 30 June 14
WEEKLY CFR SOUTH CHINA COAL SWAPS DECLINE CONTINUES; Q1'15 LOST US$ 4.55 PMT IN A WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 fell US$ 5.25 month on month on Friday, dipping under $69 a tone. The CFR South Ch ...
Monday, 30 June 14
INDO - INDIA FREIGHT RATES CONTINUE TO WEAK
COALspot.com: The latest dry Index shows that average all-in spot freight declined, the Panamax and Supramax slipping by 9.11 percent and 4% respec ...
Friday, 27 June 14
DRY BULK MARKET STILL LOOKING FOR UPSIDE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept up its lacklustre performance during the past week, as evidenced by the course of the Baltic Dry Index (BDI). The BDI ...
Thursday, 26 June 14
PANAMAX : A PACIFIC ROUND PAYS AROUND US$ 3K DAILY - FEARNLEYS AS
Handy
In the Atlantic there has been little activity which again has caused rates to slip across all trades. TA´s are now down to US$ 5,500 ...
Thursday, 26 June 14
KOMIPO INVITES BIDS FOR TOTAL 750K MT OF BITUMINOUS COAL FOR 3CY
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) has issued a new tender for supply of total 250,000 MT of bituminous co ...
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- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Australian Coal Association
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
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