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Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth largest coal mining producer PT Berau Coal, after PT Bukit Mutiara converts its debt to Rizal Risjad into BRAU shares.
Bukit Mutiara, wholly owned subsidiary of PT Recapital Advisors, controls 99% stakes in Berau Coal Energy.
When Bukit Mutiara acquired 90% stakes in PT Risco, now Berau Coal Energy, Rizal Risjad provided vendor financing worth US$580 million to Bukit Mutiara early January this year.
Recapital President Director Rosan P. Roeslani said Bukit Mutiara has an option to convert its debt obtained from Rizal into Berau Energy shares in December 2010.
"The debt might be converted into Berau Energy shares. In return, Rizal Risjad would own 10% stakes in Berau Energy," Rosan said.
Berau Coal Energy has determined to offload 3 billion shares in the primary market via initial public offering at the price of Rp300-Rp400 per share.
By considering the price, Berau Coal Energy will snap up cash of Rp900 billion to Rp1.2 trillion. The current size is 4 billion shares lower than initial plan mentioned in the IPO prospectus of 7 billion shares on the back of raising funds from bond issuance and band loans.
Rosan said Berau Coal Energy has secured loan facilities worth US$400 million from some foreign banks including Credit Suisse, Deutsche Bank, and a Chinese bank.
In parallel, Berau Coal is underway to issue US$350 million bond, offering interest rate of 12.5% for 5 year maturity.
"About US$600 million will be used to refinance debt to Credit Suisse," he said. The IPO proceed of around US$100 million will be used to finance capital expenditure in the next three years.
Berau Coal aims to jack up coal production volume from 17.9 million tons in 2010 to 21 million tons in 2012. As of June this year, revenue has reached US$475 million from a year earlier of US$376 million.
Source: Insider Stories
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
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