old-king-coal-finds-new-markets

Old king coal finds new markets

Indonesian coal miners are planning to raise capital for expansion to meet the global demand for fuel.

Rupert Walker

May 06, 2008

Merrill Lynch has been active during the past 36 months, arranging several privately placed structured deals and public market takeouts of some of those financings. But this year, says Roger Suyama, head of Indonesia investment banking at Merrill Lynch, ôit will be quite a difficult market, especially for debt capital markets, so we have to look for deals that are certain to get doneö. For equity, there has to be a strong story, and that normally means natural resources. ôOil and gas, gold, copper, iron ore and palm oil fit that criteria, but there are probably more opportunities in the thermal coal industry than any of the others,ö he adds.

There is huge demand for...

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