We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
 Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” or the “Company”) is pleased to announce that as a follow up to our announcement dated 7 October 2011, the Company and another Bakrie related entity, Long Haul Holdings (“LHH” - collectively known as “Bakrie Group”), has embarked on a strategic partnership with PT Borneo Lumbung Energi & Metal Tbk (“BORN”) with the signing of a Sales and Purchase Agreement (“SPA”) which took place in Jakarta on 31 October 2011.
Under the terms of the SPA and upon completion of the transaction, Bakrie Group and BORN will own indirectly 47.6% shareholding in London listed Bumi plc, which in return owns direct and indirect investments in PT Bumi Resources Tbk, PT Berau Coal Energy Tbk and PT Bumi Resources Minerals Tbk.
The transaction is valued at USD 1 billion which values Bumi plc’s shares at approximately GBP10.91 at the date of announcement, representing a premium of:
• Approximately 46% to the closing price of Bumi plc’s shares on the LSE on 28 October 2011 and approximately 45% premium to the last 20-day volumeweighted average trading price of Bumi plc’s shares.
• Approximately 5% premium to the last 6 month volume-weighted average trading price of approximately GBP10.34
The consideration will be payable in cash and Bakrie Group will use the proceeds from the transaction to pay down a financing facility initially coordinated by CS (“CS Loan”), therefore reducing BNBR’s overall debt position considerably.
Bakrie Group expects to complete the transaction on or around the end of December 2011 following BORN shareholders approving the transaction and satisfaction of regulatory and other approvals.
“This transaction is another important step forward for the Company as it enhances our objectives for the creation of an “Indonesia Inc.” in an international mining company. The deleveraging aspect of this transaction is also important as it provides BNBR with a healthier and stronger balance sheet. Furthermore, we have again demonstrated our commitment to meet our creditors’ obligations and highly appreciate their support towards BNBR especially during these volatile market conditions,” said Bobby Gafur Umar, President Director and CEO of BNBR.
BNBR will make appropriate disclosures upon completion of all relevant documentation and approvals.
Credit Suisse assisted BNBR in a financial advisory capacity
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 09 August 11
DRY BULK MARKET UNABLE TO FIND UPWARD MOMENTUM, SLUMPS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
They same that what goes up must come down and nobody seems to have found a better application of this expression, than the beleguered dry bulk mark ...
Monday, 08 August 11
OIL PRICES ARE SOFTENING, WILL IT INFLUENCE COAL PRICES?
COALspot.com - The current global economic condition is in volatility after a little chance of optimism for economic recovery.
Oil price at ...
Monday, 08 August 11
A SUPRAMAX VESSEL WAS REPORTED FIXED AT $ 12K - VISTAAR
COALspot.com - The BDI was slightly up by about 4 points closed at 1268 points which was supported by cape index which was up 3.14 pct and closed at ...
Saturday, 06 August 11
NTPC IS CONSIDERING TO ENTER INTO 25 YEARS COAL PURCHASE AGREEMENT
Indian, State-run power producer NTPC's present annual consumption is 164 million tonnes, and company is considering long-term agreements abroad to ...
Friday, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
|
|
|
Showing 5151 to 5155 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
|
| |
| |
|
