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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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- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
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