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
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ...
Monday, 07 November 11
CHINA'S COAL IMPORTS STEAM AHEAD
Chinese seaborne coal imports have grown greatly in recent years, up from 39.2mt in 2008 to 167.7mt in 2010, with the result that China became a net ...
Saturday, 05 November 11
DEMAND SLUMP THREATENS MORE PAIN FOR BULK VESSELS - VISTAAR
COALspot.com - The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also co ...
Saturday, 05 November 11
BERAU STARTS TO EXPLORE BINUNGAN SITE - INSIDER STORIES
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in B ...
Friday, 04 November 11
INDIAN IRON ORE MARKET REMAINS DEAD - FEARNLEYS
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, wit ...
|
|
|
Showing 4991 to 4995 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
|
| |
| |
|
