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

Sunday, 20 April 14
FREIGHT RATES END WEEK ON WEAK NOTE - VISTAAR
Wish you all Happy Easter. The freight market continued to its downwards as BDI was fell 7.187 percent to 930 points week on week. The ...


Friday, 18 April 14
US WEEKLY COAL PRODUCTION DECLINED BY 1% TO 18.9 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...


Thursday, 17 April 14
DRY BULK MARKET ON RETREAT MODE, WHILE NEWBUILDING ORDERING ACTIVITY STALLS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on retreating this week, a pattern which emerged since late March. Yesterday the BDI (Baltic Dry Index) ended yet a ...


Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
COALspot.com:  Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billio ...


Wednesday, 16 April 14
Q1 2014 : TERMS OF FREIGHT RATES THE PERFORMANCE IN THE DRY BULK MARKET HAS NOT MET THE HIGH EXPECTATIONS - INTERMODAL
This year the dates for the celebration of Easter will coincide for the Orthodox and the Catholic, so we are already seeing most people in the m ...


   748 749 750 751 752   
Showing 3746 to 3750 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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