Bumi Hopes to Strike a Debt Deal With CIC By Year-End
Bumi Resources, the coal-mining unit of Bakrie Group, hopes to conduct a debt-to-equity swap with China Investment Corporation by the end of the year. The company is working to strike a new deal with...
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Indonesia Banks’ Tighter Lending to Hurt Coal, Property Firms
Construction workers at a construction site in Jakarta, Indonesia, on Nov. 25, 2013. (EPA Photo/Adi Weda) Indonesian coal and property firms could find obtaining loans increasingly difficult next year...
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Lured By Cheap Coal, Southeast Asia Turns Away From Gas
A worker walks over stockpiles of coal at the Exploitasi Energi Indonesia open pit coal mine in Palaran, East Kalimantan province, Indonesia, on Friday, Sept. 13, 2013. (Bloomberg Photo/Dadang Tri)...
View ArticlePresident Seeks Expert Advice on Raw Mineral Export Law
President Susilo Bambang Yudhoyono on Tuesday sought advice from noted legal expert and former Justice Minister Yusril Ihza Mahendra on ways in which to ease a much criticized 2009 law on raw minerals...
View ArticleBerau Projects 12% Rise in Coal Output
Jakarta. Berau Coal Energy, a local unit of London-based Asia Resources Mineral, projects production growth of more than 10 percent this year amid sluggish global economic expansion and declining coal...
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Indonesia’s Coal Price Hit an All Time Low in May
A coal rock was shown at the open pit mine in Tanjung Enim in South Sumatra province. (Reuters Photo/Dwi Oblo) Jakarta. Indonesia’s coal reference price fell in May to an all-time low due to oversupply...
View ArticleABM Investama Gets $396m, 5-Year Contract From Toba Bara
Jakarta. ABM Investama, a listed coal miner, has secured a five-year coal-mining service contract from Toba Bara Sejahtra, another listed miner affiliated with President Joko Widodo’s chief of staff...
View ArticleChina Coal Imports Slump Further in May as Policies Bite
Beijing. China’s coal imports slumped 41 percent in May from a year earlier to 14.25 million tonnes and were down sharply on April despite industry expectations of a pick-up in seasonal demand, data...
View ArticleGolden Eagle Energy Secures $36m in Loans for Expansion
Jakarta. Golden Eagle Energy, the coal mining unit of the Rajawali Corpora conglomerate, has secured $36 million in loans from Bank Permata to fund expansion and acquire a coal mining company. The...
View ArticleDelta Dunia Secures $300m Coal Mining Service Contract
Jakarta. Private coal mining contractor Delta Dunia Makmur, through its subsidiary Bukit Makmur Mandiri Utama, has signed a $300 million contract to provide coal mining services to Sungai Danau Jaya, a...
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