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Thursday, 24 June 10
INDONESIAS BUMI DECLARED US$ 57.1 MILLION (AMOUNTING TO 30% OF 2009 NET INCOME) AS DIVIDEND
COALspot.com: PT Bumi Resources, Tbk’s Annual General Meeting (AGM) today was successfully held with a quorum of 75.89% resulting in shareholders approving all agendas proposed in both the AGM and the subsequent Extraordinary General Meeting (EGM) including the execution of non-preemptive issue, collateralization of the company’s assets, as well as strengthening of the company’s management according to statement issued by Bumi's Director cum Corporate Secretary, Dileep Srivastava.
BUMI is Asia's fastest & the World's 2nd fastest growing coal company operating multi mines in Indonesia.
A dividend amounting $57.1million was declared amounting to 30% of 2009 net income.
“We are thankful to the shareholders for approving the management’s proposal that will provide the company with strong base to realize stronger operational and financial performance with reduced debts in the coming year,” said BUMI President Director Ari Hudaya.
With the approved agenda, BUMI will implement its first step of the $1 billion deleveraging program announced last year- beginning with the significant reduction in debt from the non-preemptive issue. With a significant debt reduction, the company aims to boost financial performance through higher coal prices, sales, production, stronger internal cash flows and lower interest charges.
The statement further said that, Bumi is on track to achieving sales of +64 m tons (vs 58 m tons in FY'09), production + 67 m tons (vs 63 m tons in FY09) at an average fob price of minimum $67/ton. (vs $63/ton in FY09) with an exponential rise in EBITDA.(cs)
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Friday, 02 July 10
PROPOSED MINERAL RESOURCE RENT TAX - PRESS RELEASE (2)
Press Release: BHP Billiton, Rio Tinto and Xstrata said today that they are encouraged by the Federal Government’s announcement that it propos ...
Friday, 02 July 10
MINERALS RESOURCE TAXATION IN AUSTRALIA - PRESS RELEASE
Press Release : Rio Tinto acknowledges the Australian Government’s announcement that the Resource Super Profits Tax (RSPT) proposal will be re ...
Thursday, 01 July 10
TATA POWER TO RAISE US$300 MILLION THROUGH ITS COAL SPVS TO FUND ADDITIONAL ACQUISITIONS AND / OR REDUCE OUTSTANDING DEBT
Stock Markets Review reported that, Tata Power, India’s largest private power player has signed an agreement to raise US$300 million in Bhira ...
Thursday, 01 July 10
HELLENIC SHIPPING NEWS POLL: THE BDI WILL STAY ABOVE 3,000 POINTS IN THE SECOND HALF OF 2010
When Hellenic Shipping News Worldwide prepared June’s poll asking readers about where do they think that the Baltic Dry Index (BDI) will range ...
Thursday, 01 July 10
PANAMAX MARKETS CONTINUE TO DROP IN ALL BASINS - FEARNLEYS
Handy
Atlantic rates continue to slide with little activity. Supras open in USG get low 30´s to Med and mid 40´s to FEast. Hmax/Supra ...
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- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- PTC India Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- The University of Queensland
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
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