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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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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
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- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Australian Coal Association
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- The University of Queensland
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Siam City Cement - Thailand
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