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, 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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...


Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...


Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...


Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...


Saturday, 05 September 09
SHANXI AIMS TO MAINTAIN 2009 COAL OUTPUT AT LAST YEAR'S LEVEL
Interfax-China reported that, Shanxi Province, the country's second-largest  coal producing region, is aiming to keep its annual coal output a ...


   1288 1289 1290 1291 1292   
Showing 6446 to 6450 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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