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

Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...


Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen  to jointly develop coal business in India ...


Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...


Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...


Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...


   1135 1136 1137 1138 1139   
Showing 5681 to 5685 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 ...

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