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Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sovereign wealth fund and plans to use the proceeds to reduce borrowings.
Jakarta-based Bumi will pay a coupon of 12 percent on the debt to China Investment Corp., the company said in an e-mailed statement today. Bumi will start paying the debt in the fourth year and complete the repayment in the sixth year, according to the statement.
Bumi will use part of funds to pare about $1.6 billion of debt and boost investments, according to Dileep Srivastava, the company’s head of investor relations. The transaction with the $297.5 billion Chinese fund may also help Bumi increase investment in the North Asian nation.
“At a time when there are lot of investments on the anvil, it frees up your cash flow,” Srivastava said by phone from Hong Kong. “You will be getting comfortable tenors at a time when you will be investing heavily in the next couple of years.”
Bumi’s shares have more than tripled this year making it the best performing stock in the 19-stock MSCI Indonesia Index. They rose 0.8 percent to 3,350 rupiah on Sept. 17. Indonesian markets have been closed to celebrate the Muslim festival of Eid-ul-Fitr.
CIC, which has stakes in Morgan Stanley and Blackstone Group LP, will actively grasp investment opportunities this year after slowing spending in 2008 because of the global financial crisis, the company said in a statement on Aug. 7.
Deutsche Bank AG advised CIC, while PT Samuel Sekuritas helped Bumi, according to the statement. Bumi will pay $600 million of the debt in the fourth year, $600 million in the fifth year and the balance after six years, the company said.
Source:Bloomberg
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Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
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- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
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