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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, $600 million in the fifth year and the balance after six years, the company said.
Source:Bloomberg
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Monday, 31 August 09
INDONESIA ADARO'S NET PROFIT SOARS 1,506 PERCENT ON HIGH PRICES
The Jakarta Post reported that, the country's second largest coal producer, PT Adaro Energy said Sunday that its first-half net profit soared 1,506 ...
Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY
COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week.
...
Friday, 28 August 09
INDONESIA SEEKS TO INCREASE COAL PRODUCTION TO BOLSTER REVENUE
The Jakarta Post, the leading english news paper in Indonesia reported that, Indonesia expects to increase coal production by up to 20 million tons ...
Friday, 28 August 09
MERCURIA ENERGY OPENS INDONESIA TRADING OFFICE
COALspot.com ( Indonesia): Mercuria Energy Group has opened a new office in Jakarta, Indonesia, focussed on trading coal.
Jakarta-based Emanuele ...
Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains
* Mining majors expected to buy not sell
* South Africa a target, Indonesia less so
By Jackie ...
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Showing 6461 to 6465 news of total 6871 |
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- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- The University of Queensland
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
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