We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.
The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.
Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.
The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.
Samin indirectly controls 73 percent of the company.
“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.
The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.
Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.
Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 30 September 11
INDIAN IRON ORE MARKET GETTING ACTIVE - FEARNLEYS AS
Handy
The Atlantic market continued its strong trend with fresh cargoes entering the market. Vessels open US Gulf fixed tick above US$ 27k back to t ...
Friday, 30 September 11
KRISHNAPATNAM PORT WINS GLOBAL PORT & COAL PORT OF THE YEAR AWARDS
COALspot.com - Krishnapatnam Port, a dynamic new generation world class port located in the East Coast of India has been adjudged the winner in the ...
Thursday, 29 September 11
INDONESIA'S MINERS FACE AN UNCERTAIN FUTURE - RUPERT WALKER
An evolving regulatory framework for the country's minerals industry could threaten its profitability and stifle investment.
The five-year surge ...
Thursday, 29 September 11
DRY BULK MARKET FALLS MID-WEEK, FURTHER DROP EXPECTED NEXT WEEK ON CHINA HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected by the Baltic Dry Index (BDI) retreated by 0.36% yesterday reaching 1,920 points, with the Capesize segment suffer ...
Wednesday, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 m ...
|
|
|
Showing 5056 to 5060 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Australian Coal Association
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
|
| |
| |
|