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, 14 May 14
COAL PRICES IN CHINA HAVE DROPPED TO THEIR LOWEST LEVELS SINCE END-2008
COALspot.com: Coal prices in China have dropped to their lowest levels since end-2008, Fitch says in its latest rating report on one of the coal ...


Wednesday, 14 May 14
ALMOST THROUGH THE HALF OF THE YEAR, THE DRY BULK INDEX SHOW SIGNS OF WEAKNESS; CREATING TO BOTH EXISTING SHIP OWNERS AND POTENTIAL INVESTORS A LOT OF INSECURITY - PANOS MAKRINOS
Almost through the half of the year, the overall shipping market and more specifically the Dry Bulk Index show signs of weakness, creating to bo ...


Tuesday, 13 May 14
NPC COAL EXPORT VOLUMES PLUNGE TO 2.48 MMT WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 12 May 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Quee ...


Tuesday, 13 May 14
YET ANOTHER POSIDONIA EXHIBITION IS ON ITS WAY - INTERMODAL
With less than a month to go before another Posidonia exhibition starts and all the parties and celebrations get under way we thought that it wo ...


Monday, 12 May 14
TAIPOWER TO IMPORT AROUND 1 MMT OF SUB-BITUMINOUS COAL DURING AUGUST 2014 THROUGH NOVEMBER 2014
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open t ...


   740 741 742 743 744   
Showing 3706 to 3710 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 ...

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