Determined to keep abreast of affairs throughout the country, President Susilo Bambang Yudhoyon has installed a 'situation room' at the Presidential Palace. (Antara Photo/Widodo S. Jusuf)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)
.
Loading...

Friday, December 17, 2010

Rothschild Says Indonesia's Bumi Can Shake Up Coal World

Jakarta Globe, December 17, 2010

The company formed by the union of Bumi Resources and Berau Coal Energy is looking to acquire coal mines around the world and become a global giant, investor Nathaniel Rothschild said on Friday.

The company formed by the union of Bumi Resources and
Berau Coal Energy is looking to acquire coal mines around
the world and become a global giant, investor Nathaniel
Rothschild, left, said on Friday.
Rothschild said the combined entity aims to raise cash from the likes of Chinese sovereign wealth fund China Investment Corp. — which bought 1.9 billion dollars of Bumi Resources’ debt last year.

“This could become a global coal company, as opposed to an Indonesia-focused coal company,” Rothschild told Dow Jones Newswires in an interview during a visit to Beijing.

He added: “... it’s certainly institutions like CIC that we would look to involve in the future plans, because they are inextricably linked to Bumi through this debt instrument.”

Rothschild designed the Bumi-Berau deal through his investment firm Vallar PLC. Vallar listed on the London Stock Exchange in July after raising about 1.1 billion dollars from investors.

It completed a “reverse takeover” deal worth three billion dollars on Nov. 16, giving it 25 percent of Bumi Resources, Indonesia’s biggest coal miner by output, and 75 percent of Berau, the fifth biggest.

Indonesia’s powerful Bakrie family, which controls Bumi Resources, will own 43 percent of Vallar, and Indra Bakrie will become its chairman. The family also includes billionaire Golkar Party chief Aburizal Bakrie.

Analysts have said the move looks like a good way to take advantage of Indonesia’s position as a key raw materials supplier to the booming Asian economies of India and China.

But they have also raised red flags over allegations of corruption and poor governance in Bakrie-related companies.

Rothschild said the Indonesian market was “very, very undervalued” compared to other major emerging countries like Brazil, Russia, India and China.

“And whether the naysayers like it or not, it’s a democracy,” he added.

Bumi Resources and Berau this year will produce about 78 million metric tons of thermal coal used in power plants in China and India.

“What I like about this industry is that you’re effectively selling dirt,” Rothschild told Dow Jones.

Shares in Vallar jumped more than nine percent on the London Stock Exchange on Friday, as they resumed trading for the first time since the company announced the deal.

Agence France-Presse

Related Articles:

Political heavyweight Aburizal Bakrie, left, standing beside former vice-president Jusuf Kalla. Bakrie's companies are being accused of bribing former tax official Gayus Tambunan. (Antara Photo/Audy Alwi)

Indonesia's mud volcano flows on

Satellite picture received from Ikonos Satellite Image on May 29, 2008 shows the mud volcano and its surrounding area in Sidoarjo, East Java. (AFP/Ikonos Satellite Image)

More pictures ....


Respected Journalist Slaps Down Bakrie Award


No comments: