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Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, consisting bond and loan.
CEO of PT Recapital Advisors Rosan P. Roeslani, parent of PT Bukit Mutiara and PT Berau Coal Energy, said the group will use the financing to refinance debt and prop up business expansion.
"We will offload 18.2% stakes of Berau Coal Energy into the market, targeting US$300 million in cash," he said.
Bukit Mutiara will enter the bond market in June or July. The 7 year bond is arranged by Credit Suisse.
Rosan said Berau Coal will jack up production capacity to 30 million tons of coal in 2014.
Source: Insider Stories
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
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- Merrill Lynch Commodities Europe
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- Economic Council, Georgia
- The University of Queensland
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
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- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
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- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
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- Mercator Lines Limited - India
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- The Treasury - Australian Government
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- Deloitte Consulting - India
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- Africa Commodities Group - South Africa
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- Singapore Mercantile Exchange
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- Energy Development Corp, Philippines
- Planning Commission, India
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- White Energy Company Limited
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- Attock Cement Pakistan Limited
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- Indonesian Coal Mining Association
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- Minerals Council of Australia
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- Karbindo Abesyapradhi - Indoneisa
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