We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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” or the “Company”) is pleased to announce that as a follow up to our announcement dated 7 October 2011, the Company and another Bakrie related entity, Long Haul Holdings (“LHH” - collectively known as “Bakrie Group”), has embarked on a strategic partnership with PT Borneo Lumbung Energi & Metal Tbk (“BORN”) with the signing of a Sales and Purchase Agreement (“SPA”) which took place in Jakarta on 31 October 2011.
Under the terms of the SPA and upon completion of the transaction, Bakrie Group and BORN will own indirectly 47.6% shareholding in London listed Bumi plc, which in return owns direct and indirect investments in PT Bumi Resources Tbk, PT Berau Coal Energy Tbk and PT Bumi Resources Minerals Tbk.
The transaction is valued at USD 1 billion which values Bumi plc’s shares at approximately GBP10.91 at the date of announcement, representing a premium of:
• Approximately 46% to the closing price of Bumi plc’s shares on the LSE on 28 October 2011 and approximately 45% premium to the last 20-day volumeweighted average trading price of Bumi plc’s shares.
• Approximately 5% premium to the last 6 month volume-weighted average trading price of approximately GBP10.34
The consideration will be payable in cash and Bakrie Group will use the proceeds from the transaction to pay down a financing facility initially coordinated by CS (“CS Loan”), therefore reducing BNBR’s overall debt position considerably.
Bakrie Group expects to complete the transaction on or around the end of December 2011 following BORN shareholders approving the transaction and satisfaction of regulatory and other approvals.
“This transaction is another important step forward for the Company as it enhances our objectives for the creation of an “Indonesia Inc.” in an international mining company. The deleveraging aspect of this transaction is also important as it provides BNBR with a healthier and stronger balance sheet. Furthermore, we have again demonstrated our commitment to meet our creditors’ obligations and highly appreciate their support towards BNBR especially during these volatile market conditions,” said Bobby Gafur Umar, President Director and CEO of BNBR.
BNBR will make appropriate disclosures upon completion of all relevant documentation and approvals.
Credit Suisse assisted BNBR in a financial advisory capacity
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 21 October 20
INDIA: THE COMMERCIALISATION OF COAL BLOCKS WILL BENEFIT THE ECONOMY - HINDU BUSINESS LINE
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocati ...
Wednesday, 21 October 20
MARKET INSIGHT - INTERMODAL
The second wave of COVID-19 is now a reality; offices are closing again, and stricter rules and regulations are being implemented in public spaces. ...
Tuesday, 20 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.82 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.49 points Monday, up 0.82 percent week on week.
The index, released by China ...
Tuesday, 20 October 20
BIMCO 'SHIPLEASE' TERM SHEET - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
The ever-growing importance of sale and leaseback transactions as an alternative to financing ships by way of loan, makes ...
Friday, 16 October 20
KOMIPO ON BEHALF OF K GENCO'S INVITED BIDS FOR TOTAL 715,000 MT MIN. 5,700 NAR COAL FOR DECEMBER
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 715,000& ...
|
|
|
Showing 756 to 760 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Economic Council, Georgia
- Sical Logistics Limited - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- The University of Queensland
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
|
| |
| |
|
