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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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Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
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- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- The University of Queensland
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
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