COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS


Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agenda to be included in its upcoming Extraordinary Meeting of Shareholders which is now due to be held on June 24, 2010.

"We submitted the agenda yesterday to the regulators. Essentially, this is the first step in a series of debt cutting moves to take place over the next 12 months, as we have earlier announced to the market and the public at large," says Dileep Srivastava, BUMI Senior Vice President of Investor Relations.  As per regulation, the non-preemptive issue allows the company to issue new shares to a maximum of 10 percent of the total outstanding shares of the company with price at an average of previous 25-day trading closing price before the announcement date.

“We categorically reject the continuing wild media speculation of an impending rights issue by the company. We have never had any such plan nor is there an intent to do so” added Dileep, “We draw attention again to our media release dated 27 Jan 2010 cautioning our investment fraternity not to heed the wild speculation and rumors about our company but are encouraged to contact the company direct for facts”. 

The non-preemptive issue was earlier announced in December 2009 last year, but was later postponed due to the prevailing market environment. This has now been revived in view of an improved environment and investor interest.  "This deleveraging move will strengthen the company's fundamentals and serve to increase shareholders’ value, BUMI’s strategic intent is to reduce debt by around USD1 billion in the next 12 months”.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...


Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...


Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...


Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...


Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...


   1161 1162 1163 1164 1165   
Showing 5811 to 5815 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Siam City Cement PLC, Thailand
  • Thomson Reuters GRC
  • Adaro Indonesia
  • Credit Suisse - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Humpuss - Indonesia
  • Peabody Energy - USA
  • PLN - Indonesia
  • GHCL Limited - India
  • Gujarat Sidhee Cement - India
  • Mercuria Energy - Indonesia
  • Britmindo - Indonesia
  • South Luzon Thermal Energy Corporation
  • Deutsche Bank - India
  • Reliance Power - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Clarksons - UK
  • Eastern Energy - Thailand
  • Platts
  • Bharathi Cement Corporation - India
  • Economic Council, Georgia
  • New Zealand Coal & Carbon
  • Merrill Lynch Commodities Europe
  • Vizag Seaport Private Limited - India
  • UBS Singapore
  • HSBC - Hong Kong
  • TANGEDCO India
  • Platou - Singapore
  • Africa Commodities Group - South Africa
  • OPG Power Generation Pvt Ltd - India
  • Sinarmas Energy and Mining - Indonesia
  • Siam City Cement - Thailand
  • Coal and Oil Company - UAE
  • Mitra SK Pvt Ltd - India
  • RBS Sempra - UK
  • Parliament of New Zealand
  • Freeport Indonesia
  • Vale Mozambique
  • Core Mineral Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • ANZ Bank - Australia
  • Kepco SPC Power Corporation, Philippines
  • IEA Clean Coal Centre - UK
  • Pendopo Energi Batubara - Indonesia
  • Electricity Generating Authority of Thailand
  • White Energy Company Limited
  • Thiess Contractors Indonesia
  • Maersk Broker
  • Gujarat Mineral Development Corp Ltd - India
  • Borneo Indobara - Indonesia
  • OCBC - Singapore
  • Tata Chemicals Ltd - India
  • SUEK AG - Indonesia
  • Latin American Coal - Colombia
  • Tanito Harum - Indonesia
  • Jindal Steel & Power Ltd - India
  • U S Energy Resources
  • NALCO India
  • Savvy Resources Ltd - HongKong
  • Kaltim Prima Coal - Indonesia
  • Gresik Semen - Indonesia
  • Coalindo Energy - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Glencore India Pvt. Ltd
  • Indonesia Power. PT
  • Miang Besar Coal Terminal - Indonesia
  • Sucofindo - Indonesia
  • Samsung - South Korea
  • Grasim Industreis Ltd - India
  • The Treasury - Australian Government
  • Cebu Energy, Philippines
  • Petrosea - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Fearnleys - India
  • LBH Netherlands Bv - Netherlands
  • Attock Cement Pakistan Limited
  • Kartika Selabumi Mining - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Arch Coal - USA
  • Georgia Ports Authority, United States
  • CNBM International Corporation - China
  • PetroVietnam
  • SMC Global Power, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Global Coal Blending Company Limited - Australia
  • Indian School of Mines
  • Asmin Koalindo Tuhup - Indonesia
  • Coal Orbis AG
  • Wood Mackenzie - Singapore
  • Ministry of Finance - Indonesia
  • Berau Coal - Indonesia
  • Intertek Mineral Services - Indonesia
  • Indika Energy - Indonesia
  • Bulk Trading Sa - Switzerland
  • TeaM Sual Corporation - Philippines
  • Commonwealth Bank - Australia
  • CoalTek, United States
  • Aboitiz Power Corporation - Philippines
  • Larsen & Toubro Limited - India
  • Australian Commodity Traders Exchange
  • San Jose City I Power Corp, Philippines
  • Coaltrans Conferences
  • Altura Mining Limited, Indonesia
  • Central Java Power - Indonesia
  • Barasentosa Lestari - Indonesia
  • Noble Europe Ltd - UK
  • Goldman Sachs - Singapore
  • Barclays Capital - USA
  • Infraline Energy - India
  • Rio Tinto Coal - Australia
  • PetroVietnam Power Coal Import and Supply Company
  • Vitol - Bahrain
  • Ambuja Cements Ltd - India
  • Star Paper Mills Limited - India
  • India Bulls Power Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Posco Energy - South Korea
  • Kohat Cement Company Ltd. - Pakistan
  • Therma Luzon, Inc, Philippines
  • Edison Trading Spa - Italy
  • ACC Limited - India
  • Kumho Petrochemical, South Korea
  • London Commodity Brokers - England
  • Merrill Lynch Bank
  • Directorate General of MIneral and Coal - Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Russian Coal LLC
  • Tata Power - India
  • Sical Logistics Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Asia Cement - Taiwan
  • Mercator Lines Limited - India
  • SRK Consulting
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • McConnell Dowell - Australia
  • Arutmin Indonesia
  • Banpu Public Company Limited - Thailand
  • Surastha Cement
  • ING Bank NV - Singapore
  • Enel Italy
  • Thailand Anthracite
  • Tamil Nadu electricity Board
  • Ministry of Transport, Egypt
  • Iligan Light & Power Inc, Philippines
  • The State Trading Corporation of India Ltd
  • Shenhua Group - China
  • Renaissance Capital - South Africa
  • KPMG - USA
  • KPCL - India
  • The India Cements Ltd
  • ETA - Dubai
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Electricity Authority, New Zealand
  • Semirara Mining Corp, Philippines
  • bp singapore
  • Cigading International Bulk Terminal - Indonesia
  • NTPC Limited - India
  • World Coal - UK
  • SGS (Thailand) Limited
  • Bhatia International Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Bukit Makmur.PT - Indonesia
  • Trasteel International SA, Italy
  • BNP Paribas - Singapore
  • Maruti Cements - India
  • Meralco Power Generation, Philippines
  • Bayan Resources Tbk. - Indonesia
  • Sree Jayajothi Cements Limited - India
  • BRS Brokers - Singapore
  • Orica Mining Services - Indonesia
  • Thermax Limited - India
  • Jatenergy - Australia
  • Cement Manufacturers Association - India
  • J M Baxi & Co - India
  • WorleyParsons
  • Inspectorate - India
  • PowerSource Philippines DevCo
  • GNFC Limited - India
  • Ind-Barath Power Infra Limited - India
  • ICICI Bank Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Adani Power Ltd - India
  • Runge Indonesia
  • Ince & co LLP
  • Panama Canal Authority
  • Energy Link Ltd, New Zealand
  • Metalloyd Limited - United Kingdom
  • Bangladesh Power Developement Board
  • Thai Mozambique Logistica
  • Oldendorff Carriers - Singapore
  • Agrawal Coal Company - India
  • JPMorgan - India
  • CCIC - Indonesia
  • Minerals Council of Australia
  • Argus Media - Singapore
  • Bukit Baiduri Energy - Indonesia
  • Toyota Tsusho Corporation, Japan
  • ASAPP Information Group - India
  • Heidelberg Cement - Germany
  • MEC Coal - Indonesia
  • CESC Limited - India
  • Total Coal South Africa
  • Uttam Galva Steels Limited - India
  • Indian Oil Corporation Limited
  • Xindia Steels Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Permata Bank - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • TNPL - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Ernst & Young Pvt. Ltd.
  • Videocon Industries ltd - India
  • GB Group - China
  • Sarangani Energy Corporation, Philippines
  • Malabar Cements Ltd - India
  • EIA - United States
  • GVK Power & Infra Limited - India
  • Jaiprakash Power Ventures ltd
  • Simpson Spence & Young - Indonesia
  • Medco Energi Mining Internasional
  • PTC India Limited - India
  • Gujarat Electricity Regulatory Commission - India
  • McKinsey & Co - India
  • Kobexindo Tractors - Indoneisa
  • JPower - Japan
  • Dalmia Cement Bharat India
  • Independent Power Producers Association of India
  • Kideco Jaya Agung - Indonesia
  • Idemitsu - Japan
  • Manunggal Multi Energi - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Aditya Birla Group - India
  • Global Green Power PLC Corporation, Philippines
  • TGV SRAAC LIMITED, India
  • Eastern Coal Council - USA
  • Mjunction Services Limited - India
  • Alfred C Toepfer International GmbH - Germany
  • Energy Development Corp, Philippines
  • Straits Asia Resources Limited - Singapore
  • European Bulk Services B.V. - Netherlands
  • Power Finance Corporation Ltd., India
  • Ministry of Mines - Canada
  • Billiton Holdings Pty Ltd - Australia
  • EMO - The Netherlands
  • Vedanta Resources Plc - India
  • Mechel - Russia
  • Mintek Dendrill Indonesia
  • IHS Mccloskey Coal Group - USA
  • CIMB Investment Bank - Malaysia
  • World Bank
  • Standard Chartered Bank - UAE
  • Sojitz Corporation - Japan
  • Shree Cement - India
  • Cemex - Philippines
  • Cargill India Pvt Ltd
  • Bhushan Steel Limited - India
  • Makarim & Taira - Indonesia
  • Coal India Limited
  • Japan Coal Energy Center
  • Kapuas Tunggal Persada - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Mitsubishi Corporation
  • Mitsui
  • Wilmar Investment Holdings
  • Central Electricity Authority - India
  • globalCOAL - UK
  • Sindya Power Generating Company Private Ltd
  • Sakthi Sugars Limited - India
  • Salva Resources Pvt Ltd - India
  • Bank of America
  • DBS Bank - Singapore
  • Petron Corporation, Philippines
  • Gupta Coal India Ltd
  • TRAFIGURA, South Korea
  • Kalimantan Lumbung Energi - Indonesia
  • Pinang Coal Indonesia
  • Bank of China, Malaysia
  • Binh Thuan Hamico - Vietnam
  • Chamber of Mines of South Africa
  • Lanco Infratech Ltd - India
  • Cardiff University - UK
  • GN Power Mariveles Coal Plant, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • Directorate Of Revenue Intelligence - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Antam Resourcindo - Indonesia
  • Port Waratah Coal Services - Australia
  • Planning Commission, India
  • Petrochimia International Co. Ltd.- Taiwan
  • Parry Sugars Refinery, India
  • Coeclerici Indonesia
  • PLN Batubara - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Krishnapatnam Port Company Ltd. - India
  • Xstrata Coal
  • SASOL - South Africa
  • IMC Shipping - Singapore
  • Indogreen Group - Indonesia
  • Indian Energy Exchange, India
  • Globalindo Alam Lestari - Indonesia
  • Kobe Steel Ltd - Japan
  • Karbindo Abesyapradhi - Indoneisa
  • Lafarge - France
  • The University of Queensland
  • International Coal Ventures Pvt Ltd - India
  • Deloitte Consulting - India
  • Orica Australia Pty. Ltd.
  • Asian Development Bank
  • Romanian Commodities Exchange
  • AsiaOL BioFuels Corp., Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • IOL Indonesia
  • Australian Coal Association
  • Malco - India
  • Essar Steel Hazira Ltd - India
  • Geoservices-GeoAssay Lab
  • Inco-Indonesia
  • Interocean Group of Companies - India
  • Madhucon Powers Ltd - India
  • KOWEPO - South Korea
  • Rudhra Energy - India
  • SMG Consultants - Indonesia
  • APGENCO India
  • Anglo American - United Kingdom
  • Global Business Power Corporation, Philippines
  • Samtan Co., Ltd - South Korea
  • Coastal Gujarat Power Limited - India
  • Marubeni Corporation - India
  • Singapore Mercantile Exchange
  • IBC Asia (S) Pte Ltd
  • Riau Bara Harum - Indonesia
  • Indonesian Coal Mining Association
  • Neyveli Lignite Corporation Ltd, - India
  • Moodys - Singapore
  • Carbofer General Trading SA - India
  • Thriveni
  • Baramulti Group, Indonesia
  • Qatrana Cement - Jordan
  • Pipit Mutiara Jaya. PT, Indonesia
  • UOB Asia (HK) Ltd
  • Maybank - Singapore
  • VISA Power Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Formosa Plastics Group - Taiwan
  • PNOC Exploration Corporation - Philippines
  • Indorama - Singapore
  • Price Waterhouse Coopers - Russia
  • MS Steel International - UAE
  • Cosco
  • GMR Energy Limited - India
  • Bangkok Bank PCL
  • Karaikal Port Pvt Ltd - India
  • Bhoruka Overseas - Indonesia
  • KEPCO - South Korea