We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
 Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sovereign wealth fund and plans to use the proceeds to reduce borrowings.
Jakarta-based Bumi will pay a coupon of 12 percent on the debt to China Investment Corp., the company said in an e-mailed statement today. Bumi will start paying the debt in the fourth year and complete the repayment in the sixth year, according to the statement.
Bumi will use part of funds to pare about $1.6 billion of debt and boost investments, according to Dileep Srivastava, the company’s head of investor relations. The transaction with the $297.5 billion Chinese fund may also help Bumi increase investment in the North Asian nation.
“At a time when there are lot of investments on the anvil, it frees up your cash flow,” Srivastava said by phone from Hong Kong. “You will be getting comfortable tenors at a time when you will be investing heavily in the next couple of years.”
Bumi’s shares have more than tripled this year making it the best performing stock in the 19-stock MSCI Indonesia Index. They rose 0.8 percent to 3,350 rupiah on Sept. 17. Indonesian markets have been closed to celebrate the Muslim festival of Eid-ul-Fitr.
CIC, which has stakes in Morgan Stanley and Blackstone Group LP, will actively grasp investment opportunities this year after slowing spending in 2008 because of the global financial crisis, the company said in a statement on Aug. 7.
Deutsche Bank AG advised CIC, while PT Samuel Sekuritas helped Bumi, according to the statement. Bumi will pay $600 million of the debt in the fourth year, $600 million in the fifth year and the balance after six years, the company said.
Source:Bloomberg
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
Tuesday, 13 October 09
INDIA INTERESTED IN AMERICAN COAL
UPI reported that, Coal India Ltd. in its global expansion efforts is now interested in coal properties in the United States.
The Business Standard ...
Tuesday, 13 October 09
RIVERSDALE MAY USE ZAMBEZI RIVER TO TRANSPORT MOZAMBIQUE COAL
Mining Weekly reported that, ASX-listed coal-miner Riversdale Mining would submit a feasibility study and an environmental-impact study (EIS) for it ...
Monday, 12 October 09
INDONESIAN COAL MINER SAYS PLANS IPO IN 2010
Reuters reported that, Indonesian coal miner PT Bhakti Energi Persada plans an initial public offering in the first quarter of 2010 to develop coal ...
Monday, 12 October 09
BISICHI MINING FINALIZES COAL SUPPLY CONTRACT FOR 2010-2012
Small Cap News reported that, Bisichi, the South Africa based coal mining group, has agreed a three year coal supply contract between its principal ...
|
|
|
Showing 6346 to 6350 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- PTC India Limited - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- The University of Queensland
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
|
| |
| |
|
