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Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
 All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month. It expects to raise about R1,6bn in the initial public offering (IPO).
Optimum Coal is the sixth-largest producer and the fourth-largest exporter of thermal coal in SA - after Anglo American, BHP Billiton and Xstrata - with operations in Witbank, Mpumalanga.
The black economic empowerment company's prominent board members include nonexecutive chairman Sivi Gounden, a former director-general at the Department of Public Enterprises, and businessman and former Eskom chairman Bobby Godsell.
The listing comes as analysts have forecast IPO activity in the global mining sector will gather pace this year as companies seek alternative ways of funding after the devastating credit crunch a year ago.
Optimum said it expected to raise R1,6bn through a subscription for new shares and an offer for sale by certain shareholders.
The offer consists of the sale of up to 42,75-million fully paid ordinary shares priced between R34 and R37, made up of an offer for subscription of 24-million shares and an offer for sale by the selling shareholders of up to 18,75- million ordinary shares. The price of the shares will be announced on March 24.
The company said it would be meeting with invited individuals and institutions in SA and abroad over the next two weeks, ahead of the listing.
CEO Mike Teke said the listing came at a time of robust demand for coal. "Optimum has strategically located operations with good access to rail infrastructure, rapid loading and export facilities, and a large export entitlement at Richards Bay Coal Terminal.
"We are cash generative and have a strong balance sheet, which provides a sound platform for growth. We believe the time is right for Optimum to list as there are few pure coal plays on the JSE. We can now begin accelerating towards our vision to become the benchmark South African-owned and controlled coal mining and exploration group."
Last month Ernst & Young said the credit squeeze in 2008 fundamentally changed the way the industry will be financed in future. Equity was expected to play a greater role in the next wave of growth, with the IPO market starting to recover this year.
"Following the decline of the project finance model, we could see a return to individual mines being floated, with proceeds used for development and investors sharing in the profits when the mine goes into production.
"A recovery in IPOs has begun, but will require a sustainable period of stability in global stock markets and metals prices to return to former levels."
Source: All Africa - By:Bheki Mpofu
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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
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- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- PTC India Limited - India
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
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