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Wednesday, 07 October 09
ADARO SECURES $500 M LOAN


The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 million worth of loans from 11 foreign banks.

Those banks include Sumitomo Mitsui Banking Corporation, BNP Paribas, The Bank of Tokyo-Mitsubishi UFJ Ltd. Singapore chapter, and DBS, the company said in a statement sent to the Indonesia Stock Exchange on Wednesday.

The loan has a maturity period of 60 months with interest rates based on LIBOR (London Inter Bank Offered Rates) and applicable margins.

The loan will be used for capital expenditures and financing acquisition of a local shipping company.
Source: The Jakarta Post



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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
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Monday, 05 October 09
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Monday, 05 October 09
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The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...


Sunday, 04 October 09
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Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...


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The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...


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