Asia Resource to refinance Berau’s $450 million 12˝% notes due 2015

By Susanna Moon

Chicago, Sept. 26 – Asia Resource Minerals plc said it is reviewing its options for its proposed refinancing of Berau Capital Resources $450 million 12˝% senior notes due July 8, 2015.

Plans are under way for a refinancing package, and the board is currently evaluating a number of options, according to a company press release.

Singapore’s Berau Capital Resources is a subsidiary of Indonesia-based Berau Coal Energy Tbk., which is based in Jakarta.

Asia Resource Minerals, formerly Bumi plc, is a thermal coal company based in London.

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