We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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."
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 09 July 14
PANAMAX MARKET FINALLY CORRECTING UPWARDS; AVERAGE TC MORE THAN DOUBLING WEEK ON WEEK - INTERMODAL
The Dry Bulk market has closed off on Friday on a more positive note, with most segments noting weekly gains and the Panamax market finally correct ...
Wednesday, 09 July 14
SHIPPING MARKET INSIGHT - PANOS TSILINGIRIS
The mini-boom in dry bulker values catapulted ship prices too fast too far over the last one-and-a-half year. The concurrence of historically low p ...
Tuesday, 08 July 14
INDONESIAN COAL PRICE REFERENCE FALL AGAIN IN JULY; LOST 1.62%
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia again revised down the coal bench mark price in July. HBA for month of J ...
Tuesday, 08 July 14
ENERGY IN THE MIX - INTERMODAL SHIPBROKERS
With the Tanker freight market having showed much promise this year compared to the performance that had been noted during the previous five, it is ...
Monday, 07 July 14
INDONESIA STATE-CONTROLLED COAL MINER BUKIT ASAM TO TRADE COAL ON-LINE THROUGH JFX
COALspot.com: Indonesian state owned coal miner PT Tambang Batubara Bukit Asam Tbk (PTBA) has teamed up with Jakarta Futures Exchange (JFX) to sell ...
|
|
|
Showing 3616 to 3620 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- The University of Queensland
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
|
| |
| |
|