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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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Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
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- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Minerals Council of Australia
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
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