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Vallar of Nathaniel Rothschild and Bakrie Group Partner on Indonesian Coal

By Joel ScanlonNov 17 2010

Vallar of Nathaniel Rothschild and the Bakrie family of Indonesia have joined forces to dominate the booming Indonesian coal exports sector. The publicly traded investment vehicle set up by Nathaniel Rothschild is aiming to create an Indonesian resource champion that would be listed on the London Stock Exchange.

The mining investment company intends to buy a 25% stake in Bumi Resources and a 75% stake in Berau Coal Energy. It will help the Bakrie Group to regroup and consolidate its coal mining assets. J.P. Morgan Cazenove acted as financial adviser to Vallar in relation to the Bumi transaction and Credit Suisse acted as financial adviser to Bumi and the Bakrie Group in relation to the transaction

Vallar will make the deal with a combination of $3 billion cash and new Vallar shares. Vallar will also be renamed Bumi as part of the deal. The new company would be headed by Ari Hudaya as the chief executive.

Ari Hudaya said that it was a very excited time to be a mining company in Indonesia. He said that given the strength of demand from China and India, and they were ideally located to capitalize on that growing demand.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Vallar of Nathaniel Rothschild and Bakrie Group Partner on Indonesian Coal. AZoMining. Retrieved on April 28, 2024 from https://www.azomining.com/News.aspx?newsID=1448.
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Scanlon, Joel. "Vallar of Nathaniel Rothschild and Bakrie Group Partner on Indonesian Coal". AZoMining. 28 April 2024. <https://www.azomining.com/News.aspx?newsID=1448>.
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Scanlon, Joel. 2019. Vallar of Nathaniel Rothschild and Bakrie Group Partner on Indonesian Coal. AZoMining, viewed 28 April 2024, https://www.azomining.com/News.aspx?newsID=1448.