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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
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Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
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- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- The University of Queensland
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
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