COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Wednesday, 02 July 14
HANDY BULKERS PROVE TO BE THE MOST SOUGHT AFTER VESSELS OVER THE PAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The Handy dry bulker proved to be the most sought after ship by ship owners active in the second hand market, which saw a slight decline in terms o ...


Wednesday, 02 July 14
SHIPPING: MARKET INSIGHT - GEORGE DERMATIS
After 6 months, 57 ministerial meetings and 67 political agreements, the journey of the Greek Presidency in the EU reached its end yesterday; only ...


Tuesday, 01 July 14
INDIAN POWER PLANT COAL STOCKPILES VERY LOW
COALspot.com: According to today's Weekly Dry Bulk Report published by Commodore Research, Indian power plant coal stockpiles have now fallen t ...


Monday, 30 June 14
SUB-BIT FOB INDONESIA COAL PRICES ARE STILL STRUGGLING TO RECOVER
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on week and on month according to AsiaClear OTC coal swap's reports release ...


Monday, 30 June 14
WEEKLY CFR SOUTH CHINA COAL SWAPS DECLINE CONTINUES; Q1'15 LOST US$ 4.55 PMT IN A WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 fell US$ 5.25 month on month on Friday, dipping under $69 a tone. The CFR South Ch ...


   725 726 727 728 729   
Showing 3631 to 3635 news of total 6871
News by Category
Popular News
 
Total Members : 28,704
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Xindia Steels Limited - India
  • Tata Power - India
  • Aboitiz Power Corporation - Philippines
  • Jindal Steel & Power Ltd - India
  • Bukit Makmur.PT - Indonesia
  • OCBC - Singapore
  • IMC Shipping - Singapore
  • Ceylon Electricity Board - Sri Lanka
  • Petron Corporation, Philippines
  • IOL Indonesia
  • Coal and Oil Company - UAE
  • SMG Consultants - Indonesia
  • Chamber of Mines of South Africa
  • Holcim Trading Pte Ltd - Singapore
  • Rashtriya Ispat Nigam Limited - India
  • Kideco Jaya Agung - Indonesia
  • Bhoruka Overseas - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Commonwealth Bank - Australia
  • CCIC - Indonesia
  • Vizag Seaport Private Limited - India
  • MEC Coal - Indonesia
  • Indorama - Singapore
  • The India Cements Ltd
  • Meralco Power Generation, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • ING Bank NV - Singapore
  • BNP Paribas - Singapore
  • Merrill Lynch Bank
  • Toyota Tsusho Corporation, Japan
  • Kobexindo Tractors - Indoneisa
  • KOWEPO - South Korea
  • Electricity Generating Authority of Thailand
  • Australian Commodity Traders Exchange
  • Sinarmas Energy and Mining - Indonesia
  • Bharathi Cement Corporation - India
  • Attock Cement Pakistan Limited
  • Carbofer General Trading SA - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • International Coal Ventures Pvt Ltd - India
  • Ind-Barath Power Infra Limited - India
  • The Treasury - Australian Government
  • Russian Coal LLC
  • GMR Energy Limited - India
  • Baramulti Group, Indonesia
  • Mercuria Energy - Indonesia
  • Planning Commission, India
  • EIA - United States
  • South Luzon Thermal Energy Corporation
  • Deutsche Bank - India
  • Glencore India Pvt. Ltd
  • CIMB Investment Bank - Malaysia
  • Bangkok Bank PCL
  • Tanito Harum - Indonesia
  • Idemitsu - Japan
  • Pendopo Energi Batubara - Indonesia
  • Parliament of New Zealand
  • Bahari Cakrawala Sebuku - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Wilmar Investment Holdings
  • Coaltrans Conferences
  • Noble Europe Ltd - UK
  • Standard Chartered Bank - UAE
  • Kumho Petrochemical, South Korea
  • ANZ Bank - Australia
  • Bayan Resources Tbk. - Indonesia
  • Semirara Mining Corp, Philippines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Cebu Energy, Philippines
  • TNB Fuel Sdn Bhd - Malaysia
  • Vedanta Resources Plc - India
  • SRK Consulting
  • Maersk Broker
  • KEPCO - South Korea
  • Sical Logistics Limited - India
  • MS Steel International - UAE
  • VISA Power Limited - India
  • Siam City Cement - Thailand
  • Credit Suisse - India
  • Bangladesh Power Developement Board
  • Jaiprakash Power Ventures ltd
  • Chettinad Cement Corporation Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Medco Energi Mining Internasional
  • TGV SRAAC LIMITED, India
  • Iligan Light & Power Inc, Philippines
  • Aditya Birla Group - India
  • SUEK AG - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Goldman Sachs - Singapore
  • SGS (Thailand) Limited
  • Mitra SK Pvt Ltd - India
  • Malabar Cements Ltd - India
  • Asia Cement - Taiwan
  • Trasteel International SA, Italy
  • Maybank - Singapore
  • Sojitz Corporation - Japan
  • PetroVietnam
  • Bhatia International Limited - India
  • Global Coal Blending Company Limited - Australia
  • Intertek Mineral Services - Indonesia
  • ACC Limited - India
  • Renaissance Capital - South Africa
  • Anglo American - United Kingdom
  • Asian Development Bank
  • ASAPP Information Group - India
  • Thailand Anthracite
  • Posco Energy - South Korea
  • Straits Asia Resources Limited - Singapore
  • Leighton Contractors Pty Ltd - Australia
  • DBS Bank - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • WorleyParsons
  • Miang Besar Coal Terminal - Indonesia
  • Independent Power Producers Association of India
  • Port Waratah Coal Services - Australia
  • Interocean Group of Companies - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Simpson Spence & Young - Indonesia
  • Bank of China, Malaysia
  • Riau Bara Harum - Indonesia
  • Agrawal Coal Company - India
  • Inspectorate - India
  • Coastal Gujarat Power Limited - India
  • Merrill Lynch Commodities Europe
  • Thai Mozambique Logistica
  • Alfred C Toepfer International GmbH - Germany
  • Meenaskhi Energy Private Limited - India
  • Savvy Resources Ltd - HongKong
  • Orica Australia Pty. Ltd.
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • GHCL Limited - India
  • Central Java Power - Indonesia
  • Eastern Energy - Thailand
  • Petrosea - Indonesia
  • Coal India Limited
  • Cardiff University - UK
  • McConnell Dowell - Australia
  • Mjunction Services Limited - India
  • Electricity Authority, New Zealand
  • Pipit Mutiara Jaya. PT, Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Surastha Cement
  • J M Baxi & Co - India
  • TANGEDCO India
  • Tata Chemicals Ltd - India
  • The State Trading Corporation of India Ltd
  • Ministry of Mines - Canada
  • Billiton Holdings Pty Ltd - Australia
  • Fearnleys - India
  • Banpu Public Company Limited - Thailand
  • Energy Development Corp, Philippines
  • Salva Resources Pvt Ltd - India
  • Cosco
  • Madhucon Powers Ltd - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Cemex - Philippines
  • Makarim & Taira - Indonesia
  • Bhushan Steel Limited - India
  • Lanco Infratech Ltd - India
  • CESC Limited - India
  • Bank of America
  • bp singapore
  • APGENCO India
  • IBC Asia (S) Pte Ltd
  • Power Finance Corporation Ltd., India
  • Sarangani Energy Corporation, Philippines
  • Altura Mining Limited, Indonesia
  • NTPC Limited - India
  • Latin American Coal - Colombia
  • Bulk Trading Sa - Switzerland
  • IHS Mccloskey Coal Group - USA
  • Kartika Selabumi Mining - Indonesia
  • SMC Global Power, Philippines
  • Grasim Industreis Ltd - India
  • GNFC Limited - India
  • Platou - Singapore
  • Qatrana Cement - Jordan
  • Therma Luzon, Inc, Philippines
  • Romanian Commodities Exchange
  • Indian School of Mines
  • Directorate Of Revenue Intelligence - India
  • Cigading International Bulk Terminal - Indonesia
  • Humpuss - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Edison Trading Spa - Italy
  • Directorate General of MIneral and Coal - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Shree Cement - India
  • PLN - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Inco-Indonesia
  • Moodys - Singapore
  • Maruti Cements - India
  • Africa Commodities Group - South Africa
  • Jatenergy - Australia
  • Pinang Coal Indonesia
  • Global Green Power PLC Corporation, Philippines
  • GN Power Mariveles Coal Plant, Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Adani Power Ltd - India
  • Larsen & Toubro Limited - India
  • Orica Mining Services - Indonesia
  • Infraline Energy - India
  • Australian Coal Association
  • Antam Resourcindo - Indonesia
  • Indian Oil Corporation Limited
  • Arch Coal - USA
  • Coal Orbis AG
  • Deloitte Consulting - India
  • SN Aboitiz Power Inc, Philippines
  • CNBM International Corporation - China
  • Peabody Energy - USA
  • London Commodity Brokers - England
  • McKinsey & Co - India
  • LBH Netherlands Bv - Netherlands
  • Sucofindo - Indonesia
  • Formosa Plastics Group - Taiwan
  • Mitsubishi Corporation
  • Uttam Galva Steels Limited - India
  • Oldendorff Carriers - Singapore
  • TNPL - India
  • Minerals Council of Australia
  • Samtan Co., Ltd - South Korea
  • Total Coal South Africa
  • Indika Energy - Indonesia
  • Britmindo - Indonesia
  • Singapore Mercantile Exchange
  • Sindya Power Generating Company Private Ltd
  • Georgia Ports Authority, United States
  • KPMG - USA
  • Reliance Power - India
  • Coalindo Energy - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Ernst & Young Pvt. Ltd.
  • Global Business Power Corporation, Philippines
  • Barasentosa Lestari - Indonesia
  • Thriveni
  • Gupta Coal India Ltd
  • PLN Batubara - Indonesia
  • Freeport Indonesia
  • Kaltim Prima Coal - Indonesia
  • TeaM Sual Corporation - Philippines
  • PTC India Limited - India
  • The University of Queensland
  • Mintek Dendrill Indonesia
  • Vitol - Bahrain
  • ICICI Bank Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Berau Coal - Indonesia
  • Economic Council, Georgia
  • Vijayanagar Sugar Pvt Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • Mercator Lines Limited - India
  • New Zealand Coal & Carbon
  • HSBC - Hong Kong
  • Siam City Cement PLC, Thailand
  • World Coal - UK
  • Eastern Coal Council - USA
  • World Bank
  • Essar Steel Hazira Ltd - India
  • Rio Tinto Coal - Australia
  • Kobe Steel Ltd - Japan
  • Indonesian Coal Mining Association
  • EMO - The Netherlands
  • Parry Sugars Refinery, India
  • BRS Brokers - Singapore
  • GB Group - China
  • PetroVietnam Power Coal Import and Supply Company
  • Neyveli Lignite Corporation Ltd, - India
  • Runge Indonesia
  • Malco - India
  • Asmin Koalindo Tuhup - Indonesia
  • ETA - Dubai
  • KPCL - India
  • Kapuas Tunggal Persada - Indonesia
  • Samsung - South Korea
  • JPower - Japan
  • Ministry of Transport, Egypt
  • Maharashtra Electricity Regulatory Commission - India
  • Bukit Baiduri Energy - Indonesia
  • UBS Singapore
  • Adaro Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Ince & co LLP
  • Rudhra Energy - India
  • Coeclerici Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Ministry of Finance - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • GVK Power & Infra Limited - India
  • Ambuja Cements Ltd - India
  • Energy Link Ltd, New Zealand
  • Core Mineral Indonesia
  • SASOL - South Africa
  • NALCO India
  • Karaikal Port Pvt Ltd - India
  • Japan Coal Energy Center
  • PowerSource Philippines DevCo
  • UOB Asia (HK) Ltd
  • Kohat Cement Company Ltd. - Pakistan
  • Gujarat Sidhee Cement - India
  • Gresik Semen - Indonesia
  • Xstrata Coal
  • Wood Mackenzie - Singapore
  • Platts
  • Central Electricity Authority - India
  • JPMorgan - India
  • Gujarat Mineral Development Corp Ltd - India
  • Lafarge - France
  • Vale Mozambique
  • Heidelberg Cement - Germany
  • Mitsui
  • CoalTek, United States
  • Metalloyd Limited - United Kingdom
  • Indogreen Group - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Shenhua Group - China
  • Thiess Contractors Indonesia
  • Arutmin Indonesia
  • Price Waterhouse Coopers - Russia
  • Thomson Reuters GRC
  • Videocon Industries ltd - India
  • RBS Sempra - UK
  • TRAFIGURA, South Korea
  • Cargill India Pvt Ltd
  • Indonesia Power. PT
  • Star Paper Mills Limited - India
  • San Jose City I Power Corp, Philippines
  • Tamil Nadu electricity Board
  • White Energy Company Limited
  • Dalmia Cement Bharat India
  • Mechel - Russia
  • globalCOAL - UK
  • Indian Energy Exchange, India
  • India Bulls Power Limited - India
  • Panama Canal Authority
  • IEA Clean Coal Centre - UK
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Argus Media - Singapore
  • Sakthi Sugars Limited - India
  • Krishnapatnam Port Company Ltd. - India
  • Permata Bank - Indonesia
  • Barclays Capital - USA
  • U S Energy Resources
  • Maheswari Brothers Coal Limited - India
  • Borneo Indobara - Indonesia
  • Cement Manufacturers Association - India
  • Clarksons - UK
  • Marubeni Corporation - India
  • Globalindo Alam Lestari - Indonesia
  • Thermax Limited - India
  • Enel Italy
  • Geoservices-GeoAssay Lab
  • Binh Thuan Hamico - Vietnam