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Thursday, 03 July 14
BUMI TRANSFERS 19% OF KPC STAKE VALUED AT US$ 950 MILLION TO CIC
COALspot.com: PT. Bumi Resources announces that 19% of its holdings in Kaltim Prima Coal (KPC), valued at US$ 950 million, has been transferred to China Investment Corporation (CIC) as part of the debt settlement agreement announced on October 9, 2013.
According to BUMI's press release, a sum of US$ 1.989 billion is due to CIC as loan principal, deferred interest and make-whole costs. With this transfer of KPC stakes, the amount payable to CIC stands reduced to US$ 1.039 billion.
BUMI's press note further said that, 42% of BUMI's holding in PT. Bumi Resources Minerals Tbk., ( valued at US$ 257 million) and US$ 150 Million BUMI equity are expenses to be transferred to CIC by September 2014, following the closure of the BUMI rights offering approved on June 30, 2014.
Consequentially, the residual loan to CIC would reduce further to US$ 632 million, at an interest rate of LIBOR+6.7% per annum. No interest or principal is payable in the first 12 months, principal is payable semi annually over the next 2 years, whilst interest is paid monthly from the 13th month onwards.
Mr. Ari Hudaya, President Director, said, "This is a first major step in restoring financial health and a proof of company commitment to reduce debt. We welcome CIC as our equity partner and look forward to grow our assets from strength to strength. Fundamentally, the company is strong, has build annual coal capacity exceeding 90 million tons and significantly raised all round efficiencies in operations and costs"
He added, "We are confident our revised capital structure coupled with the recovery of coal prices would enable us regain health and return to company back to profit."
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Friday, 11 July 14
UNITED STATE'S MONTHLY COAL OUTPUT FALLS 5.53% IN JUNE
COALspot.com – United States the world's second largest coal producer, produced approximately 18.1 million short tons (mmst) of coal in a ...
Thursday, 10 July 14
SGX EXPANDS ACROSS THE BULKS WITH NEW COAL PRODUCTS
COALspot.com: Singapore Exchange (SGX) is expanding its bulk commodity derivatives offering by launching new coking and thermal coal products on 4 ...
Thursday, 10 July 14
HANDY: SMALL INCREASE; PANAMAX: POSITIVE TONE; CAPESIZE: PAPER VALUES REMAIN WEEK
Handy
It is a general increase in activity in both hemispheres whereas rates have just experienced a small increase. In the Feast we see stable a ...
Wednesday, 09 July 14
SHIP INVESTMENTS ARE TRENDING LOWER
Most ship owners are deeming current ship prices on the high side, refraining from making serious commitments in new acquisitions or newbuilding or ...
Wednesday, 09 July 14
INDIAN GOVERNMENT ADVISED POWER UTILITIES TO INCREASE COAL IMPORTS
COALspot.com: The government of India has advised power utilities to increase coal imports to meet fuel shortages and those that have fuel supply p ...
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Showing 3611 to 3615 news of total 6871 |
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- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- The University of Queensland
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Planning Commission, India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
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