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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, $600 million in the fifth year and the balance after six years, the company said.
Source:Bloomberg
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Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Australian Coal Association
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
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