COALSPOT.COM IS A BRAND NAME, NOT A PORTAL NAME Wednesday, 19 June 2013
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  • Indonesian 5800 GAR coal (Physical) market direction: FLAT TO WEAK - COALspot.com's self assessment (updated on 18/6/13)
  • Indonesia has set the JUNE 2013 Coal Price Reference at US$ 84.87 per ton
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Swap for Q4 2013 Contract - $61.65 (-0.03% dod) 18/6 8pm SG time - SGX
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Swap for Q3 2014 Contract - $61.36 (0.25% dod) 18/6 8pm SG time - SGX

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Thursday, 16 June 11
VALLAR CONTROLS 84.7 PERCENT STAKE IN BERAU COAL - INSIDER STORIES


Insider Stories reported that, London-based investment company Vallar Plc, via its subsidiary dubbed Vallar Investments UK Limited, today announced a completion of mandatory cash offer for Indonesian coal miner PT Berau Coal Energy Tbk (BRAU).

Through the cash offer, Vallar has purchased a 9.7% stake or 3.39 billion of additional shares in Berau Coal at Rp540 (approx. US$ 0.0631949) a share or Rp1.83 trillion (approx. US$ 214,160,327) in cash.

The cash offer is following the earlier acquisition by Vallar of a 75% interest in Berau on April 8 2011. Accordingly, Vallar's total ownership in Berau as of June 15 2011 is 29.57 billion shares, representing approximately 84.7% of the issued share capital of Berau, says Insider Stories.

PT Bukit Mutiara, owned by Indonesians Rosan P. Roeslani and Sandiaga Uni, is still holding 7% in Berau Energy and other shareholders own 8.3%.


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Recent News

Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...


Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...


Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...


Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...


Tuesday, 01 November 11
DRY BULK MARKET’S CORRECTION “SPILLS” OVER ONTO NEW WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is losing steam, as evidenced by the falls experienced last week, which were also apparent at the beginning of the new week. A l ...


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