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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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Saturday, 05 September 09
INDIA BUYING INTO AUSTRALIA'S COAL - INTERVIEW
India is in line to buy vast amounts of Australian coal. An Indian cabinet minister is on a special mission to Australia to help satisfy India's ur ...
Saturday, 05 September 09
52 COMPANIES SUBMIT EOIS TO COAL INDIA
The Hindu, India's largest English news paper reported that, International mining majors from the U.S., South Africa, Australia and Indonesia are a ...
Friday, 04 September 09
INDONESIA PAITON ENERGY BUYS COAL FROM ADARO, KIDECO
PT Paiton Energy, an Indonesian independent power producer, has agreed to buy 3 million tonnes of coal from PT Adaro Energy Tbk (ADRO.JK) and PT Kid ...
Thursday, 03 September 09
ICVL IN TALKS FOR COAL BLOCKS IN INDONESIA
These acquisitions will help ICVL meet an internal target of importing at least 5 million tonnes (mt) of coking coal by 2012-13
LiveMint reported ...
Tuesday, 01 September 09
THREE COAL INVESTMENTS AND A SECTOR ON FIRE
With recession fears fading into the past in Asia and growth increasingly back on track in the West, global energy demand is again surging. It's no ...
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- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Planning Commission, India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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