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China Investment Corporation debt deal will provide stake in Kaltim Prima Coal


China Investment Corporation debt deal will provide stake in Kaltim Prima Coal

Report summary

China Investment Corporation (CIC) will acquire 19% of Kaltim Prima Coal (KPC) for US$950 million as part of a re-financing deal with Bumi Resources (Bumi). The deal also provides CIC with a stake in some of Bumi's other subsidiaries. There are a number of interesting aspects to the deal including Indonesia's foreign investment laws and the financial viability of Bumi – one of the world's largest thermal coal exporters. The deal occurred because Bumi was unlikely to be able to make upcoming...

What's included?

This report includes 1 file(s)

  • China Investment Corporation debt deal will provide stake in Kaltim Prima Coal PDF - 561.27 KB 8 Pages, 7 Tables, 5 Figures

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.

Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets.

Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future decision making. From market dynamics to trade patterns, we give you confidence in your strategic planning.

  • Executive summary
  • Deal summary
  • Deal assets
  • Deal analysis
  • Strategic Rationale and Risks
    • Rationale
    • Risks
      • Indonesian government
      • Bumi shareholders
      • Bumi debt holders
      • Economic Assumptions

In this report there are 12 tables or charts, including:

  • Executive summary
  • Deal summary
    • Key facts - coal
    • Deal summary
    • Pre-deal shareholding structure
    • Post-deal shareholding structure
  • Deal assets
    • Key coal mines
    • Seaborne export thermal coal total cash cost curve 2013 (energy adjusted)
    • Seaborne export thermal coal cash margin curve 2013
    • Kaltim Prima Coal map
  • Deal analysis
    • Wood Mackenzie Kaltim Prima Coal valuation US$M (October 2013)
    • Deal metrics - based on consideration of US$950M for 19% of Kaltim Prima Coal
    • China Investment Corporation debt deal will provide stake in Kaltim Prima Coal: Table 6
  • Strategic Rationale and Risks
    • China Investment Corporation debt deal will provide stake in Kaltim Prima Coal: Table 7
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