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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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Friday, 20 August 10
POWER COS SEEK MINING PARTNERS TO BID FOR 1,920-MW PROJECT
"A joint venture between the Maharashtra and Tamil Nadu governments for a pit-head power project, has been allotted the biggest coal block yet ...
Thursday, 19 August 10
INDONESIA EXPORTED 5.93 MLN TON OF COAL TO CHINA AND 3.52 MLN TONS TO INDIA IN JULY
COALspot.com: Indonesia shipped 3.52 million tones of thermal coal to India in July, fell 25.39 percent compared to June's exports of 4.71 million ...
Thursday, 19 August 10
WBPDCL INDIA LAUNCHES SPOT COAL TENDER
COALspot.com: The West Bengal Power Development Corporation Limited (WBPDCL ), A Govt. of West Bengal Enterprise, has launched spot contract tender ...
Thursday, 19 August 10
PANAMAX BACKED BY A STRONGER SHORT PERIOD MARKET AND SUPPORTED BY SOME FRESH REQUIREMENTS - FEARNBULK
Handy
The events of this week have confirmed our assessment of last week i.e. activity gradually picked up in the Atlantic with more enquiry seen ...
Thursday, 19 August 10
CSC TO SHIP COAL FOR NOROCHCHOLAI POWER PLANT
Daily Mirror reported that, coal for the Norochcholai Power Plant will be shipped to the country by the Ceylon Shipping Corporation (CSC) officials ...
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- Savvy Resources Ltd - HongKong
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- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
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- Commonwealth Bank - Australia
- Parliament of New Zealand
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- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
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- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
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- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
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- Australian Commodity Traders Exchange
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- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
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- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
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- Global Business Power Corporation, Philippines
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- The Treasury - Australian Government
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- Medco Energi Mining Internasional
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- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
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- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
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- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
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- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
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- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
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- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
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- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
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- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
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- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- White Energy Company Limited
- Bhatia International Limited - India
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- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
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- Holcim Trading Pte Ltd - Singapore
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