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

Saturday, 15 May 10
THE AVERAGE CHARTER HIRE FOR CAPE REACHES US$ 49,931 PER DAY - VISTAAR SINGAPORE
COALspot.com: "The freight market was extremely buoyant this week with BDI almost up by 9 pct and the market was very firm in Feast/SE Asia sec ...


Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BD ...


Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to parti ...


Friday, 14 May 10
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL PROJECTS - PROACTIVE INVESTORS
Proactive Investors reported that, Kangaroo Resources (ASX: KRL) is preparing to complete the acquisition of its five outstanding Indonesian coal pr ...


Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...


   1166 1167 1168 1169 1170   
Showing 5836 to 5840 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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