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.
|
|
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
|
|
|
Showing 5116 to 5120 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
|
| |
| |
|