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, 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.

Recent News

Saturday, 07 August 10
INDIAN COAL IMPORTS WILL PLAY AN IMPORTANT PART IN KEEPING THE FREIGHT MARKET FIRM IN FUTURE - VISTAAR
COALspot.com: The freight market was volatile with market ending firmed and the BDI crossing 2000 points up by 3 pct, however the BCI was up by 14 p ...


Friday, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...


Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...


Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...


Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt The Karnataka government’s move to ban the export ...


   1134 1135 1136 1137 1138   
Showing 5676 to 5680 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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