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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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Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
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Monday, 20 June 11
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Sunday, 19 June 11
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Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...


Friday, 17 June 11
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The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...


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