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

Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...


Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...


Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...


Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points. The BDI was up by 7.72 pct last week wh ...


Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...


   1136 1137 1138 1139 1140   
Showing 5686 to 5690 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 ...

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