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Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
 The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 million stake in Bumi Resources, Indonesia’s largest coal producer.
Bakrie financial director Eddy Soeparno said Glencore had bought the stock since June. “We have an option to buy back the stake from Glencore within two years,” Soeparno said.
Based on Bumi’s average closing share price and the rupiah’s exchange rate, the deal may mean Glencore has about a 5 percent stake in Bumi.
Eddy said Glencore — a marketing agent for Bumi coal — saw Bumi shares appreciating.
Bumi director Dileep Srivastava confirmed on Wednesday that Glencore had been acquiring shares but would not say how many.
“Based on [Bumi’s] financial records released on June 30, no one company owns more than 5 percent of Bumi’s shares, except for Bakrie & Brothers, which owns 21 percent in several blocks,” he said.
Bakrie & Brothers is the holding company controlled by the family of Aburizal Bakrie, a business tycoon and politician.
Privately held Glencore has become a global marketing agent outside Japan for Kaltim Prima Coal, Bumi’s main coal mining unit.
Glencore supplies metals, minerals, oil products, coal and agricultural products to companies in more than 40 countries. Its sales turnover for the 2009 fiscal year was $106.4 billion, and its assets were $66.3 billion at the end of 2009.
Glencore spokesman Carlos Perezagua declined to comment.
A source at Bakrie & Brothers said the investment holding firm did not have enough cash to increase its stake in Bumi but also saw a potential upside for the miner’s shares.
Bumi stock has tumbled 29 percent this year, underperforming the Jakarta Composite Index’s 27 percent rise, because of concerns about corporate governance and high debt. Its forward PE ratio is 6.15, versus 10.36 for rival Adaro Energy.
Source: The Jakarta Globe
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Tuesday, 18 October 16
COAL PRICES KEPT CLIMBING
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 18 October 16
PANAMAX: A FAIRLY POSITIVE END TO THE WEEK - ALLIED
Capesize
Things seemed to be moving sideways during the first half of the week, with resistance being felt as owners tried to resist any further ...
Monday, 17 October 16
THE FREIGHT MARKET WAS SOFTENED IN ALL SEGMENTS THIS PAST WEEK - VISTAAR
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline slightly and ending in a negative note this past ...
Friday, 14 October 16
SUPRAMAXES: DELIVERY SINGAPORE ARE SETTLING AROUND HIGH 6K'S FOR COAL TRIPS TO CHINA VIA INDO - FEARNLEY
Supramax
Wait and see attitude prevailing all over the market.
There have been several fresh cargoes, which have been efficiently covered by ...
Friday, 14 October 16
U.S. SHIPPED 3.3 MMST COAL IN JULY 2016; DECLINE 40% M/M
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.6 million short ton ...
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- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- The University of Queensland
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
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- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
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- Planning Commission, India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
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- Romanian Commodities Exchange
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
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