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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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Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
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- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
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