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Monday, 12 October 09
INDONESIAN COAL MINER SAYS PLANS IPO IN 2010
Reuters reported that, Indonesian coal miner PT Bhakti Energi Persada plans an initial public offering in the first quarter of 2010 to develop coal mines in East Kalimantan, the firm's president director said on Monday.
A consortium of PT Persada Capital Investama and PT Triputra Investindo Arya, which are also stakeholders in coal producer Adaro Energy own a combined 65 percent shares in Bhakti Energi and the rest is owned by individual investors.
Jeffrey Mulyono, Bhakti's president director, told reporters on the sidelines of the Coaltrans 3rd Coal Mining Operations and Economics confererence in Jakarta that the miner planned to apply to the capital market regulator in January and the IPO could take place in March or in April.
He did not say how much the miner aimed to raise from the IPO but said proceeds raised would be used to finance infrastructure development at its Wahau mine in East Kalimantan.
Local media have reported that PT Bhakti had appointed PT Bahana Securities as the underwriter for the offering.
Bhakti Energi has eight mining concessions. One has started production with mineable coal reserves of 127 million tonnes, while the remaining seven concessions, where mining has not yet started, have combined mineable reserves of 5.7 billion tonnes.
Mulyono said the miner expected to produce 1.3 million tonnes of coal in 2010, increasing to 3 million tonnes in 2011.
He said the firm, which produces coal with a heating value of 3,500 kcal/kg as-received, has signed contracts to sell 250,000 tonnes of coal this year.
"We are selling 100,000 (tonnes) to an Indian utility and the remaining to local buyers. These are trial shipments," Mulyono said, adding it would start shipping by the end of October.
Source: Reuters
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Monday, 19 October 09
CEMENT UNLIKELY TO COST MORE DESPITE COAL PRICE HIKE
Business-Standard reported that, Cement manufacturers will not immediately hike prices of the construction material, despite a surge in their input ...
Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
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- Energy Development Corp, Philippines
- White Energy Company Limited
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- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
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- The Treasury - Australian Government
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- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
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- Eastern Coal Council - USA
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- IEA Clean Coal Centre - UK
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- London Commodity Brokers - England
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- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
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- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
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- New Zealand Coal & Carbon
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- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
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- Indika Energy - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
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- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
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- Directorate Of Revenue Intelligence - India
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- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Parliament of New Zealand
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- The University of Queensland
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Australian Coal Association
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
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- Karbindo Abesyapradhi - Indoneisa
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- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Planning Commission, India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
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- Parry Sugars Refinery, India
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- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
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- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
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