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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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Thursday, 06 October 11
SOUTH EAST ASIA’S AGGRESSIVE POWER DEMAND GROWTH WILL REQUIRE INVESTMENT OF US$125 BN BY 2020 - WOOD MACKENZIE
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Thursday, 06 October 11
CHINESE DEMAND FOR COAL IMPORTS TO MODERATE IN 2012 - BARCLAYS' MISWIN MAHESH
COALspot.com - We expect Chinese demand growth for imported steam coal to moderate over the next year. Steam coal imports into China will moderate n ...


Wednesday, 05 October 11
MINISTRY STICKING TO RAW COMMODITY EXPORT BAN DESPITE INDUSTRY FEARS - JG
The Jakarta Globe, the one of the leading English news paper in Indonesia, reported that, the details of a controversial new regulation that would b ...


Wednesday, 05 October 11
ATLANTIC AND PACIFIC BASINS BECAME TIGHTER FOR PANAMAX LAST WEEK - BRS
A slump for both the Capes and Panamaxes sent the BDI down 1% this week, falling to 1,899 points. The Capes saw the greatest movement, sliding - ...


Wednesday, 05 October 11
WITH CHINA ON HOLIDAY, DRY BULK MARKET REMAINS STAGNANT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
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