We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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$376 million.
Source: Insider Stories
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
|
|
|
Showing 5666 to 5670 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- MS Steel International - UAE
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Ministry of Transport, Egypt
- Planning Commission, India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
|
| |
| |
|
