Berau Coal is an Indonesian-based company. It is majority-owned by PT Sinarindo Ekamulya, which is a subsidiary of the Sinar Mas Group. It owns a 1,184 square kilometre mining concession area located in the Berau Regency in East Kalimantan, Indonesia. This concession area is divided into the Lati Mine site, the Binungan Mine site and the Sambarata Mine site. Berau also owns and operates six coal terminals.

Berau Coal has experienced significant changes in its ownership in the recent past. Berau was initially owned by London-listed Bumi plc, which was owned in part by Nat Rothschild and the Bakrie family. Bumi plc later became Asia Resources Minerals and was taken over in 2015 by Asia Coal Energy Ventures, of the Sinar Mas Group and the Widjaja family.

Since 2014, Berau Coal’s annual reports have not been publicly available through the Indonesian Stock Exchange, however, they are still reported as a listed company.

https://upload.wikimedia.org/wikipedia/commons/thumb/6/60/Coal_Mine.jpg/320px-Coal_Mine.jpg

Credit: Photo by Peabody Energy, CC BY 3.0

Bonds

Institution Role
Deutsche Bank (US$70M) Joint Book Runner
Credit Suisse (US$280M) Joint Book Runner
Krung Thai Bank Joint Book Runner
Siam Commercial Bank PLC Joint Book Runner
Institution Role
Credit Suisse (US$70M) Joint Book Runner
Deutsche Bank Securities Corp. (US$30M) Joint Book Runner
No further information

Loans

  • Financial Close: 23/07/2010
  • Tranche 1 (US$300M: Due July 2014)
  • Tranche 2 (US$100M: Due April 2015
  • Lender: Credit Suisse
  • Financial Close: 12/04/2011
  • Lender: Bank Mega
  • Financial Close: 30/12/2011
  • Lender: Indonesia Eximbank
  • Financial Close: 20/01/2012
  • Lender: Bank Mega
  • Financial Close: 08/05/2012
  • Lender: Indonesia Eximbank
  • Financial Close: 30/10/2012
  • Lender:  Bank Mandiri

Structure of Berau Coal

Berau Coal Shareholders

Investor Ownership (%) Filing Date
PT Sinarindo Ekamulya (Sinar Mas Group) 84.74 22 Dec 2016
Other Investors (unclear) 15.26

PLEASE NOTE: Information comes from the companies’ available annual reports (2010 to 2014) and websites, as well as other public and subscription-based information sources.

Occasionally, where information is incomplete, assumptions must be made about data and these were made in a consistent manner and in good faith. While we endeavoured to gather and include all relevant deals, we cannot guarantee the completeness of the information presented.

Information Updated: 12 May 2017