We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
.jpg) COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, conditional upon shareholder, regulatory, and other approvals to acquire an effective economic interest of approximately 23.8% in Bumi Plc.
According to Borneo's press release, the total investment considered of US$ one billion values Bumi plc's shares at approximately GBP 10.91 per share at the date of the announcement and will be payable in cash.
Mr. Samin Tan, President director of BORN, said " This Transaction creates a partnership between two leading mining groups in Indonesia. Through this transaction, BORN will gain access to the growing thermal coal industry through a well established and major platform. The transaction also provides BORN with exposure to a high quality metals portfolio, thus transforming BORN from a pure coking coal producer into a world class diversified natural resources producer. This also signifies our intelligent way of deploying capital"
Mr. Tan Continued, "BORN has proven mine development skills from greenfield through to production stage and we look forward to working with and supporting current management across the Bumi plc group to execute development plants at the exciting new prjects at Dairi Prima Minerals, Gorontalo Mining and Bumi Mauritania as well as achieving synergies and efficiencies across the coal division. We are strongly committed to creating shareholder value at all levels from BORN to Bumi plc and its subsidiaries and associate companies."
According to BORN, this partnership transforms BORN into a leading natural resources company with exposure to both coking and thermal coal as well as a diversified high quality metals portfolio.
The Transaction positions BORN on the global map, as one of the leading mining companies in the world. BORN also believes, the demand and price outlook for the global thermal coal market is positive with China and India expected to be key growth drivers. The transaction provides BORN with exposure to this growth given Indonesia's proximity to both markets.
The investment is expected to be financed through a US$ one billion five-years amortizing term loan facility provided solely by Standard Chartered Bank. The press release further said, Standard Charted Bank is acting as the financial advisor and acquisition finance provider to BORN in connection with the Transaction.
The Transaction is expected to close in December 2011.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 18 October 11
INDONESIAN PRESIDENT APPOINTS JERO WACIK AS NEW MINISTER OF ENERGY & MINERAL RESOURCES
COALspot.com - Jero Wacik has been appointed as minister of energy and mineral resources of Indonesia replacing Darwin Saleh and Prof. Widjajono Par ...
Tuesday, 18 October 11
DELTA DUNIA MAKMUR HAS PRODUCED 3.0 MILLION TONS OF COAL LAST MONTH
COALspot.com - PT. Delta Dunia Makmur, wholly owned subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), Delta Dunia Makmur has removed 1.4 million bcm ...
Monday, 17 October 11
KOWEPO TO BUY 260,000 MT BITUMINOUS COAL
COALspot.com - KOWEPO has issued a spot tender for 260,000MT of minimum 5,600kcal/kg NAR Bituminous Coal.
The tender document also mentioned tha ...
Monday, 17 October 11
CAPESIZE SHIPPING COSTS CLIMB TO 10-MONTH HIGH ON ORE IMPORTS
The cost to hire capesize vessels climbed to a 10-month high as rising imports of iron ore to China boosted demand for the ships.Monthly iron-ore sh ...
Saturday, 15 October 11
BUNKER PRICES AND DEMANDS PUSHED FREIGHT RATES UP - VISTAAR
COALspot.com - The market continued to be firm with all segments moving up with biggest gain in Handy size segment up by 15 pct. The BDI was u ...
|
|
|
Showing 5026 to 5030 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- PTC India Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
|
| |
| |
|
