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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”.
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Tuesday, 25 May 10
BUMPER YEAR PREDICTED FOR INDONESIAN COAL - THE JAKARTA GLOBE
The Jakarta globe reported that, In The country’s coal output may reach 320 million tons this year, up from 300 million tons in 2009, as produ ...
Tuesday, 25 May 10
CHINA'S COAL SHIPMENTS VIA ITS MAIN PORTS RISE BY 13.1 PERCENT IN APRIL
According to the data issued by China's Ministry of Industry and Information on May 21, in April total coal shipments via China's main ports reach ...
Monday, 24 May 10
SAMTAN TO SELL KIDECO TO INDIKA ENERGY?
Insider Stories reported that, Parent company of Indonesia's coal mining contractor PT Petrosea Tbk (PTRO), PT Indika Energy Tbk (INDY) aims to boo ...
Monday, 24 May 10
INDIA'S ESSAR SHIPPING BEGIN COMMERCIAL OPERATIONS OF BULK TERMINAL AT HAZIRA
COALspot.com: Essar Shipping Ports & Logistics Ltd. commences commercial operations of Essar Bulk Terminal at Hazira, one of India's largest dr ...
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
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- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Vedanta Resources Plc - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Australian Coal Association
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
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