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Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE


Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.

Bank of Tokyo Mitsubishi UFJ, BNP Paribas, DBS Bank, Natixis, ANZ Panin Bank and Bank DBS Indonesia signed the loan agreement last week, banking sources told the newspaper Investor Daily.

The loan, maturing in three years will be used by Harum Energy to repay debts, the sources said.

Harum Energy is a 50 per cent shareholder of coal producing PT Santana Baturaba in joint venture with PT Petrosea with coal concession in East Kalimantan.
Source: Trading Markets



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Recent News

Wednesday, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...


Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country. &q ...


Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...


Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
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Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported  1.3 million tons of non - Coking coal and  468,229 Mt of coking coal for the period 16 - 22 August 2010 ...


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