COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS


Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agenda to be included in its upcoming Extraordinary Meeting of Shareholders which is now due to be held on June 24, 2010.

"We submitted the agenda yesterday to the regulators. Essentially, this is the first step in a series of debt cutting moves to take place over the next 12 months, as we have earlier announced to the market and the public at large," says Dileep Srivastava, BUMI Senior Vice President of Investor Relations.  As per regulation, the non-preemptive issue allows the company to issue new shares to a maximum of 10 percent of the total outstanding shares of the company with price at an average of previous 25-day trading closing price before the announcement date.

“We categorically reject the continuing wild media speculation of an impending rights issue by the company. We have never had any such plan nor is there an intent to do so” added Dileep, “We draw attention again to our media release dated 27 Jan 2010 cautioning our investment fraternity not to heed the wild speculation and rumors about our company but are encouraged to contact the company direct for facts”. 

The non-preemptive issue was earlier announced in December 2009 last year, but was later postponed due to the prevailing market environment. This has now been revived in view of an improved environment and investor interest.  "This deleveraging move will strengthen the company's fundamentals and serve to increase shareholders’ value, BUMI’s strategic intent is to reduce debt by around USD1 billion in the next 12 months”.



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...


Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...


Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct . The other sectors Pan ...


Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly  reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...


Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy Atlantic  markets  remain  firm.  Supramaxes  open  in  USG  are  now  achieving low/mid&n ...


   1169 1170 1171 1172 1173   
Showing 5851 to 5855 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Rio Tinto Coal - Australia
  • Bank of China, Malaysia
  • ETA - Dubai
  • Indo Tambangraya Megah - Indonesia
  • Riau Bara Harum - Indonesia
  • Parliament of New Zealand
  • Renaissance Capital - South Africa
  • Borneo Indobara - Indonesia
  • Independent Power Producers Association of India
  • Core Mineral Indonesia
  • EMO - The Netherlands
  • Aditya Birla Group - India
  • Larsen & Toubro Limited - India
  • Deloitte Consulting - India
  • Port Waratah Coal Services - Australia
  • Bank of America
  • Thomson Reuters GRC
  • Japan Coal Energy Center
  • Barclays Capital - USA
  • Sree Jayajothi Cements Limited - India
  • Kobexindo Tractors - Indoneisa
  • Kalimantan Lumbung Energi - Indonesia
  • Sojitz Corporation - Japan
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Asmin Koalindo Tuhup - Indonesia
  • Maheswari Brothers Coal Limited - India
  • European Bulk Services B.V. - Netherlands
  • MEC Coal - Indonesia
  • bp singapore
  • Kepco SPC Power Corporation, Philippines
  • Sical Logistics Limited - India
  • Commonwealth Bank - Australia
  • Australian Coal Association
  • SN Aboitiz Power Inc, Philippines
  • Ministry of Mines - Canada
  • Credit Suisse - India
  • Merrill Lynch Bank
  • Directorate General of MIneral and Coal - Indonesia
  • Formosa Plastics Group - Taiwan
  • Cement Manufacturers Association - India
  • Mechel - Russia
  • Georgia Ports Authority, United States
  • Uttam Galva Steels Limited - India
  • IBC Asia (S) Pte Ltd
  • PLN Batubara - Indonesia
  • IHS Mccloskey Coal Group - USA
  • UOB Asia (HK) Ltd
  • Parry Sugars Refinery, India
  • PetroVietnam Power Coal Import and Supply Company
  • PowerSource Philippines DevCo
  • Edison Trading Spa - Italy
  • Metalloyd Limited - United Kingdom
  • Electricity Generating Authority of Thailand
  • Deutsche Bank - India
  • Qatrana Cement - Jordan
  • Ceylon Electricity Board - Sri Lanka
  • Baramulti Group, Indonesia
  • Maersk Broker
  • Indian School of Mines
  • Mintek Dendrill Indonesia
  • McConnell Dowell - Australia
  • Vijayanagar Sugar Pvt Ltd - India
  • Africa Commodities Group - South Africa
  • Intertek Mineral Services - Indonesia
  • Coalindo Energy - Indonesia
  • U S Energy Resources
  • CESC Limited - India
  • Power Finance Corporation Ltd., India
  • Altura Mining Limited, Indonesia
  • Mitsui
  • Ministry of Transport, Egypt
  • Ince & co LLP
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • KOWEPO - South Korea
  • Britmindo - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Indika Energy - Indonesia
  • Jindal Steel & Power Ltd - India
  • GB Group - China
  • Noble Europe Ltd - UK
  • Samsung - South Korea
  • London Commodity Brokers - England
  • Cargill India Pvt Ltd
  • Idemitsu - Japan
  • Aboitiz Power Corporation - Philippines
  • The India Cements Ltd
  • Geoservices-GeoAssay Lab
  • Grasim Industreis Ltd - India
  • Gresik Semen - Indonesia
  • Minerals Council of Australia
  • NTPC Limited - India
  • Tata Chemicals Ltd - India
  • Siam City Cement - Thailand
  • Sarangani Energy Corporation, Philippines
  • KEPCO - South Korea
  • Videocon Industries ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Bhushan Steel Limited - India
  • Adaro Indonesia
  • Infraline Energy - India
  • IOL Indonesia
  • GNFC Limited - India
  • SMG Consultants - Indonesia
  • Asia Cement - Taiwan
  • Cemex - Philippines
  • Total Coal South Africa
  • Gujarat Sidhee Cement - India
  • Australian Commodity Traders Exchange
  • CoalTek, United States
  • DBS Bank - Singapore
  • Gupta Coal India Ltd
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Mitsubishi Corporation
  • Coal and Oil Company - UAE
  • Alfred C Toepfer International GmbH - Germany
  • Bayan Resources Tbk. - Indonesia
  • Thermax Limited - India
  • Indian Energy Exchange, India
  • Standard Chartered Bank - UAE
  • Indogreen Group - Indonesia
  • Inco-Indonesia
  • Freeport Indonesia
  • Vitol - Bahrain
  • Energy Link Ltd, New Zealand
  • NALCO India
  • Oldendorff Carriers - Singapore
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Maharashtra Electricity Regulatory Commission - India
  • Gujarat Electricity Regulatory Commission - India
  • Global Coal Blending Company Limited - Australia
  • Latin American Coal - Colombia
  • Planning Commission, India
  • TGV SRAAC LIMITED, India
  • South Luzon Thermal Energy Corporation
  • Merrill Lynch Commodities Europe
  • PLN - Indonesia
  • Bhatia International Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Miang Besar Coal Terminal - Indonesia
  • Wilmar Investment Holdings
  • Therma Luzon, Inc, Philippines
  • Electricity Authority, New Zealand
  • Anglo American - United Kingdom
  • Cebu Energy, Philippines
  • Semirara Mining Corp, Philippines
  • Shree Cement - India
  • Jaiprakash Power Ventures ltd
  • EIA - United States
  • Thriveni
  • PNOC Exploration Corporation - Philippines
  • GAC Shipping (India) Pvt Ltd
  • Kartika Selabumi Mining - Indonesia
  • TNPL - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Petrochimia International Co. Ltd.- Taiwan
  • Tata Power - India
  • Samtan Co., Ltd - South Korea
  • Clarksons - UK
  • Chettinad Cement Corporation Ltd - India
  • Bukit Baiduri Energy - Indonesia
  • Xstrata Coal
  • Mjunction Services Limited - India
  • Surastha Cement
  • KPCL - India
  • Tanito Harum - Indonesia
  • Simpson Spence & Young - Indonesia
  • Inspectorate - India
  • Indorama - Singapore
  • Globalindo Alam Lestari - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Interocean Group of Companies - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • APGENCO India
  • Rashtriya Ispat Nigam Limited - India
  • UBS Singapore
  • International Coal Ventures Pvt Ltd - India
  • globalCOAL - UK
  • Star Paper Mills Limited - India
  • Mercuria Energy - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Meralco Power Generation, Philippines
  • Kaltim Prima Coal - Indonesia
  • Bukit Makmur.PT - Indonesia
  • RBS Sempra - UK
  • Peabody Energy - USA
  • Global Business Power Corporation, Philippines
  • TRAFIGURA, South Korea
  • Salva Resources Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • AsiaOL BioFuels Corp., Philippines
  • Maruti Cements - India
  • SASOL - South Africa
  • Humpuss - Indonesia
  • Coastal Gujarat Power Limited - India
  • Xindia Steels Limited - India
  • Manunggal Multi Energi - Indonesia
  • IMC Shipping - Singapore
  • ACC Limited - India
  • Ministry of Finance - Indonesia
  • Jatenergy - Australia
  • Platou - Singapore
  • Kobe Steel Ltd - Japan
  • World Bank
  • Trasteel International SA, Italy
  • OCBC - Singapore
  • Goldman Sachs - Singapore
  • Banpu Public Company Limited - Thailand
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Eastern Coal Council - USA
  • Orica Mining Services - Indonesia
  • Barasentosa Lestari - Indonesia
  • Shenhua Group - China
  • San Jose City I Power Corp, Philippines
  • HSBC - Hong Kong
  • SGS (Thailand) Limited
  • Madhucon Powers Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Pinang Coal Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • SUEK AG - Indonesia
  • Reliance Power - India
  • SRK Consulting
  • Kideco Jaya Agung - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Orica Australia Pty. Ltd.
  • Kapuas Tunggal Persada - Indonesia
  • World Coal - UK
  • Attock Cement Pakistan Limited
  • ING Bank NV - Singapore
  • Krishnapatnam Port Company Ltd. - India
  • Thiess Contractors Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Central Electricity Authority - India
  • Ambuja Cements Ltd - India
  • SMC Global Power, Philippines
  • GVK Power & Infra Limited - India
  • BRS Brokers - Singapore
  • Semirara Mining and Power Corporation, Philippines
  • ICICI Bank Limited - India
  • Maybank - Singapore
  • Straits Asia Resources Limited - Singapore
  • Cosco
  • GHCL Limited - India
  • Bharathi Cement Corporation - India
  • Panama Canal Authority
  • VISA Power Limited - India
  • Petron Corporation, Philippines
  • Fearnleys - India
  • Indonesian Coal Mining Association
  • Essar Steel Hazira Ltd - India
  • Berau Coal - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • LBH Netherlands Bv - Netherlands
  • ASAPP Information Group - India
  • IEA Clean Coal Centre - UK
  • Karaikal Port Pvt Ltd - India
  • Singapore Mercantile Exchange
  • McKinsey & Co - India
  • Price Waterhouse Coopers - Russia
  • The University of Queensland
  • Vizag Seaport Private Limited - India
  • BNP Paribas - Singapore
  • Coeclerici Indonesia
  • Indonesia Power. PT
  • Mercator Lines Limited - India
  • Lanco Infratech Ltd - India
  • Moodys - Singapore
  • Chamber of Mines of South Africa
  • Sinarmas Energy and Mining - Indonesia
  • Medco Energi Mining Internasional
  • Mitra SK Pvt Ltd - India
  • PTC India Limited - India
  • Makarim & Taira - Indonesia
  • CIMB Investment Bank - Malaysia
  • Energy Development Corp, Philippines
  • Vale Mozambique
  • Coaltrans Conferences
  • Arch Coal - USA
  • Petrosea - Indonesia
  • Eastern Energy - Thailand
  • Thailand Anthracite
  • Glencore India Pvt. Ltd
  • Directorate Of Revenue Intelligence - India
  • Central Java Power - Indonesia
  • Posco Energy - South Korea
  • Malco - India
  • The Treasury - Australian Government
  • Savvy Resources Ltd - HongKong
  • Coal India Limited
  • KPMG - USA
  • Adani Power Ltd - India
  • Permata Bank - Indonesia
  • Malabar Cements Ltd - India
  • Agrawal Coal Company - India
  • The State Trading Corporation of India Ltd
  • Cigading International Bulk Terminal - Indonesia
  • TeaM Sual Corporation - Philippines
  • Global Green Power PLC Corporation, Philippines
  • Argus Media - Singapore
  • Arutmin Indonesia
  • Ind-Barath Power Infra Limited - India
  • JPMorgan - India
  • Kohat Cement Company Ltd. - Pakistan
  • Cardiff University - UK
  • Dalmia Cement Bharat India
  • Platts
  • WorleyParsons
  • Antam Resourcindo - Indonesia
  • Romanian Commodities Exchange
  • Bulk Trading Sa - Switzerland
  • Iligan Light & Power Inc, Philippines
  • MS Steel International - UAE
  • Sakthi Sugars Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Runge Indonesia
  • Economic Council, Georgia
  • Russian Coal LLC
  • Enel Italy
  • Bhoruka Overseas - Indonesia
  • PetroVietnam
  • Bangkok Bank PCL
  • Marubeni Corporation - India
  • Thai Mozambique Logistica
  • Indian Oil Corporation Limited
  • Kumho Petrochemical, South Korea
  • Vedanta Resources Plc - India
  • Sindya Power Generating Company Private Ltd
  • Wood Mackenzie - Singapore
  • Siam City Cement PLC, Thailand
  • Jorong Barutama Greston.PT - Indonesia
  • CCIC - Indonesia
  • Binh Thuan Hamico - Vietnam
  • White Energy Company Limited
  • JPower - Japan
  • Asian Development Bank
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • CNBM International Corporation - China
  • Timah Investasi Mineral - Indoneisa
  • India Bulls Power Limited - India
  • Meenaskhi Energy Private Limited - India
  • Tamil Nadu electricity Board
  • OPG Power Generation Pvt Ltd - India
  • Sucofindo - Indonesia
  • Bangladesh Power Developement Board
  • ANZ Bank - Australia
  • GMR Energy Limited - India
  • Lafarge - France
  • Rudhra Energy - India
  • Coal Orbis AG
  • Carbofer General Trading SA - India
  • Heidelberg Cement - Germany
  • New Zealand Coal & Carbon
  • J M Baxi & Co - India
  • TANGEDCO India