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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$300 million in cash," he said.
Bukit Mutiara will enter the bond market in June or July. The 7 year bond is arranged by Credit Suisse.
Rosan said Berau Coal will jack up production capacity to 30 million tons of coal in 2014.
Source: Insider Stories
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Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
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- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
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- Romanian Commodities Exchange
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- Chamber of Mines of South Africa
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- Eastern Coal Council - USA
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- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
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- Economic Council, Georgia
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- Indonesian Coal Mining Association
- Bhatia International Limited - India
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- Karaikal Port Pvt Ltd - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
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- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
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- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
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- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
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- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
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- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
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- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
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- Ministry of Finance - Indonesia
- MS Steel International - UAE
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- Australian Coal Association
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- Planning Commission, India
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