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Tuesday, 11 October 11
GLENCORE, SUITOR FOR BUMI PLC? - INSIDER STORIES
Insider Stories reported that, the largest commodities trader in the world, Glencore International Plc, is considering an opportunity to acquire a minority stake in London-based Bumi Plc, which has access to nearly 80 million tons of coal production currently controlled by Bakrie family.
PT Bakrie & Brothers, that owns 47% stake in Bumi Plc, breached two conditions in a US$1.35 billion loan agreement obtained from Credit Suiise AG and a group of lenders.
As a result, Bakrie & Brothers, as quoted by Bisnis Indonesia today, is in a default position. However, Bakrie management has confirmed that the company is not in such position. The company is considering to restructure or pay the loan facility of US$597 million that will mature in March 2012.
An analyst at Liberum Capital Ltd said the potential sale of Bumi Plc has drawn interest from several investors. "Glencore is the closest suitor, regarding to the relations with Bakrie Group.
Source: Insider Stories
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Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...
Wednesday, 12 October 11
CAPESIZE - A SURPRISE JUMP IN RATES - BRS
There was a surge across all sizes last week, resulting in the BDI gaining 101 points to end the week at 2,000 points (+5.3%). The BCI reached 3,218 ...
Wednesday, 12 October 11
CAPESIZE FREIGHT RATES BOUND TO RETREAT FROM 2011 HIGHS ON THE BACK OF TONNAGE OVERSUPPLY SAYS BIMCO
According to Nikos Roussanoglou, Hellenic Shipping, with the BDI (Baltic Dry Index) breaking yet another 2011 high yesterday and ending the se ...
Tuesday, 11 October 11
RENUKA COALINDO BUYS JAMBI COAL
PT Renuka Coalindo Tbk, formerly PT Allbond Makmur Usaha Tbk plans to acquire PT Jambi Prima Coal holder of mining concession in Pauh, Sa ...
Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
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- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- The University of Queensland
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
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