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

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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...

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

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Table of contents

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Tables and charts

This report includes 12 images and tables including:

Images

  • Pre-deal shareholding structure
  • Post-deal shareholding structure
  • Seaborne export thermal coal total cash cost curve 2013 (energy adjusted)
  • Seaborne export thermal coal cash margin curve 2013
  • Kaltim Prima Coal map

Tables

  • Key facts - coal
  • Deal summary
  • Key coal mines
  • 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
  • China Investment Corporation debt deal will provide stake in Kaltim Prima Coal: Table 7

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