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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$376 million.
Source: Insider Stories
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Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
Source: Insider Stories
Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...
Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...
Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
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- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
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