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Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
.jpg) COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, conditional upon shareholder, regulatory, and other approvals to acquire an effective economic interest of approximately 23.8% in Bumi Plc.
According to Borneo's press release, the total investment considered of US$ one billion values Bumi plc's shares at approximately GBP 10.91 per share at the date of the announcement and will be payable in cash.
Mr. Samin Tan, President director of BORN, said " This Transaction creates a partnership between two leading mining groups in Indonesia. Through this transaction, BORN will gain access to the growing thermal coal industry through a well established and major platform. The transaction also provides BORN with exposure to a high quality metals portfolio, thus transforming BORN from a pure coking coal producer into a world class diversified natural resources producer. This also signifies our intelligent way of deploying capital"
Mr. Tan Continued, "BORN has proven mine development skills from greenfield through to production stage and we look forward to working with and supporting current management across the Bumi plc group to execute development plants at the exciting new prjects at Dairi Prima Minerals, Gorontalo Mining and Bumi Mauritania as well as achieving synergies and efficiencies across the coal division. We are strongly committed to creating shareholder value at all levels from BORN to Bumi plc and its subsidiaries and associate companies."
According to BORN, this partnership transforms BORN into a leading natural resources company with exposure to both coking and thermal coal as well as a diversified high quality metals portfolio.
The Transaction positions BORN on the global map, as one of the leading mining companies in the world. BORN also believes, the demand and price outlook for the global thermal coal market is positive with China and India expected to be key growth drivers. The transaction provides BORN with exposure to this growth given Indonesia's proximity to both markets.
The investment is expected to be financed through a US$ one billion five-years amortizing term loan facility provided solely by Standard Chartered Bank. The press release further said, Standard Charted Bank is acting as the financial advisor and acquisition finance provider to BORN in connection with the Transaction.
The Transaction is expected to close in December 2011.
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Tuesday, 01 November 11
DRY BULK MARKETS CORRECTION SPILLS OVER ONTO NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A l ...
Monday, 31 October 11
CHINAS HUNGER FOR INDONESIAN COAL AT THREE YEAR-HIGH AS WINTER NEARS - JOSEPH KIRSCHKE
COALspot.com - Chinese demand for power-station coal from Indonesia has soared to its highest level in three years, as central heating plants and po ...
Saturday, 29 October 11
ATLAS RESOURCES SEALS US$95 MIO LOAN - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, has secured US$95 mill ...
Saturday, 29 October 11
INDONESIA TO INDIA FREIGHT LIKELY TO REMAIN SOFT
COALspot.com - The market continued to slow down and all segment were down this week.
The biggest drop was in the Cape Index down by 8.19 pct&nbs ...
Friday, 28 October 11
RISING COAL PRICES TO WORSEN CHINA'S WINTER POWER CRUNCH - CRI ENGLISH
CRI English reported that, the rising price of coal is fueling concerns about a power crunch set to plague China this winter, analysts said.
The ...
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- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- White Energy Company Limited
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Videocon Industries ltd - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
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