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Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth largest coal mining producer PT Berau Coal, after PT Bukit Mutiara converts its debt to Rizal Risjad into BRAU shares.
Bukit Mutiara, wholly owned subsidiary of PT Recapital Advisors, controls 99% stakes in Berau Coal Energy.
When Bukit Mutiara acquired 90% stakes in PT Risco, now Berau Coal Energy, Rizal Risjad provided vendor financing worth US$580 million to Bukit Mutiara early January this year.
Recapital President Director Rosan P. Roeslani said Bukit Mutiara has an option to convert its debt obtained from Rizal into Berau Energy shares in December 2010.
"The debt might be converted into Berau Energy shares. In return, Rizal Risjad would own 10% stakes in Berau Energy," Rosan said.
Berau Coal Energy has determined to offload 3 billion shares in the primary market via initial public offering at the price of Rp300-Rp400 per share.
By considering the price, Berau Coal Energy will snap up cash of Rp900 billion to Rp1.2 trillion. The current size is 4 billion shares lower than initial plan mentioned in the IPO prospectus of 7 billion shares on the back of raising funds from bond issuance and band loans.
Rosan said Berau Coal Energy has secured loan facilities worth US$400 million from some foreign banks including Credit Suisse, Deutsche Bank, and a Chinese bank.
In parallel, Berau Coal is underway to issue US$350 million bond, offering interest rate of 12.5% for 5 year maturity.
"About US$600 million will be used to refinance debt to Credit Suisse," he said. The IPO proceed of around US$100 million will be used to finance capital expenditure in the next three years.
Berau Coal aims to jack up coal production volume from 17.9 million tons in 2010 to 21 million tons in 2012. As of June this year, revenue has reached US$475 million from a year earlier of US$376 million.
Source: Insider Stories
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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
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- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
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- Mintek Dendrill Indonesia
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- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
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- White Energy Company Limited
- Minerals Council of Australia
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- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
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- Georgia Ports Authority, United States
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- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Central Electricity Authority - India
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- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
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- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
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- Edison Trading Spa - Italy
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- CNBM International Corporation - China
- Latin American Coal - Colombia
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- VISA Power Limited - India
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- Altura Mining Limited, Indonesia
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- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
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- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
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- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
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- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
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- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
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- Posco Energy - South Korea
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
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- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
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