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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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Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
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- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
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