Monday, 06 Feb 2012
Indonesian coal miner PT Berau Coal Energy Tbk is planning to issue USD 500 million of bonds, at a interest rate of 9% to refinance its debt and fund capital expenditure.
Indonesian companies are readying themselves to jump into the dollar bond market to take advantage of the foreign money they expect to flood the country after Moody's was the second ratings agency to upgrade the country to an investment grade status last month.
Berau Coal will hold an extraordinary general meeting on March 6 for shareholder approval for the notes, which will have a maximum fixed interest rate of 9% and a semi annual coupon.
Berau Coal, controlled by Indonesia-based private equity firm Recapital Advisors, has not yet appointed a financial advisor on the deal.
(Sourced from Thomson Reuters)
Showing posts with label PT Berau Coal. Show all posts
Showing posts with label PT Berau Coal. Show all posts
Monday, February 6, 2012
Saturday, November 5, 2011
Berau starts to explore binungan site - Insider Stories
Saturday, 05 November 11
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in Block 1 Binungan mine site (Prapatan) with a target production of 500,000 tons.
The output expansion is intended to underpin BRAU's annual production of 23 million tons. BRAU is now 85% controlled by Bumi Plc, a London-based company that was founded by Nathaniel Rothschild.
Public Relations Manager Berau Coal Bintoro Prabowo said the company started a mining construction at Prapatan last month.
"Reserves at Binungan site is estimated about 10 million tons. We expect to produce 500,000 tons of coal next year," he said as quoted by Bisnis Indonesia today.
Berau Coal produced 17.3 million tons last year, 20.3 million tons this year, and 23 million tons next year.
source: Insider Stories & coalspot.com
If you believe an article violates your rights or the rights of others, please contact us.
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in Block 1 Binungan mine site (Prapatan) with a target production of 500,000 tons.
The output expansion is intended to underpin BRAU's annual production of 23 million tons. BRAU is now 85% controlled by Bumi Plc, a London-based company that was founded by Nathaniel Rothschild.
Public Relations Manager Berau Coal Bintoro Prabowo said the company started a mining construction at Prapatan last month.
"Reserves at Binungan site is estimated about 10 million tons. We expect to produce 500,000 tons of coal next year," he said as quoted by Bisnis Indonesia today.
Berau Coal produced 17.3 million tons last year, 20.3 million tons this year, and 23 million tons next year.
source: Insider Stories & coalspot.com
If you believe an article violates your rights or the rights of others, please contact us.
Thursday, March 3, 2011
Noble Group seeks more Mongolia coal deals
Thursday, 03 Mar 2011
Noble Group Ltd the Hong Kong based supplier of energy, food and mining commodities, sees Mongolia as its next opportunity to expand in coal and build on its record 2010 profits.
Mr Ricardo Leiman CEO of Noble Group said that “We have staff looking at several opportunities in Mongolia, especially in exploration companies. Mongolia will be an area specifically for quarter two. We look at developing a similar model there to what we have in Indonesia and Australia.”
Noble won exclusive overseas marketing rights for PT Berau Coal, Indonesia’s No 5 producer, in November, adding to its Australian assets which include Gloucester Coal Ltd. The Berau deal will contribute nicely to 2011 earnings, Mr Leiman said after his company posted record annual net income of USD 606 million from USD 57 billion in sales.
Aspire Mining Ltd which explores for coal in Mongolia said that Noble bought 4.1% of its shares and is in preliminary talks on how the two can cooperate. Xanadu Mines Ltd which plans to develop coal and iron ore fields in Mongolia.(sourced from bloomberg)
Mr Ricardo Leiman CEO of Noble Group said that “We have staff looking at several opportunities in Mongolia, especially in exploration companies. Mongolia will be an area specifically for quarter two. We look at developing a similar model there to what we have in Indonesia and Australia.”
Noble won exclusive overseas marketing rights for PT Berau Coal, Indonesia’s No 5 producer, in November, adding to its Australian assets which include Gloucester Coal Ltd. The Berau deal will contribute nicely to 2011 earnings, Mr Leiman said after his company posted record annual net income of USD 606 million from USD 57 billion in sales.
Aspire Mining Ltd which explores for coal in Mongolia said that Noble bought 4.1% of its shares and is in preliminary talks on how the two can cooperate. Xanadu Mines Ltd which plans to develop coal and iron ore fields in Mongolia.(sourced from bloomberg)
Wednesday, January 5, 2011
BUMA Secures US$500 Million Berau Coal Contract
Courtsey news via Theindonesiatoday.com
PT Bukit Makmur Mandiri Utama (BUMA) Tbk, a subsidiary of Delta Dunia Makmur (DOID), has secured an up to US$500 million coal mining contract from PT Berau Coal.
DOID told stock market authorities that BUMA secured the contract from PT Berau Coal (BRAU) Tbk, parent company of PT Berau Coal for its Pit East 2.
Under the contract, BUMA shall remove overburden of up to 226 million BCM and mine coal of 20.7 million tons. The contract was signed December 27, 2010. Effective March 2011, the contract will end in five years time with estimated value of between US$400 million to US$500 million. Other than the new contract, BUMA also has other contracts with BRAU with maturity in 2018.
For any inquiry this article please mail to ferdi@theindonesiatoday.com
PT Bukit Makmur Mandiri Utama (BUMA) Tbk, a subsidiary of Delta Dunia Makmur (DOID), has secured an up to US$500 million coal mining contract from PT Berau Coal.
DOID told stock market authorities that BUMA secured the contract from PT Berau Coal (BRAU) Tbk, parent company of PT Berau Coal for its Pit East 2.
Under the contract, BUMA shall remove overburden of up to 226 million BCM and mine coal of 20.7 million tons. The contract was signed December 27, 2010. Effective March 2011, the contract will end in five years time with estimated value of between US$400 million to US$500 million. Other than the new contract, BUMA also has other contracts with BRAU with maturity in 2018.
For any inquiry this article please mail to ferdi@theindonesiatoday.com
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