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Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbung Energy & Metal on Friday approved the management’s plan to purchase a 23.8 percent stake in London-listed Bumi for $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.
The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.
Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.
The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.
Samin indirectly controls 73 percent of the company.
“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.
The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.
Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.
Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe
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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 ...
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Showing 5026 to 5030 news of total 6871 |
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- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
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