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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 $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.
The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.
Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.
The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.
Samin indirectly controls 73 percent of the company.
“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.
The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.
Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.
Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe
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Wednesday, 20 April 11
TNPL SECURED 160K MT OF COAL WITH CALORIFIC VALUE 6000 GAD AT US$ 93.44 PMT
COALspot.com - Delhi based Knowledge Infrastructure Systems Pvt. Ltd once again offered the lowest price of US$ 93.44 per metric ton for calorific v ...
Wednesday, 20 April 11
TSI LAUNCHES GEO-COAL UPGRADING TECHNOLOGY
Simple yet effective process boosts calorific value of low rank coal to provide lower cost energy across the world.
Press Release - Total Sinergy ...
Wednesday, 20 April 11
ADARO TO PAY OUT RP 970B IN DIVIDENDS - THE JAKARTA POST
The Jakarta Post reported that, the annual shareholders meeting of coal producer PT Adaro Energy on Wednesday agreed on the disbursement of Rp 970.7 ...
Wednesday, 20 April 11
INDIA IMPORTS MORE COAL FROM INDONESIA
COALspot.com - Indonesian coal exports jumped 23.31 percent during March 2011. The world’s largest coal exporter shipped 27, ...
Tuesday, 19 April 11
LONDON COMMODITY BROKERS OPENS JOHANNESBURG OFFICE
COALspot.com - London Commodity Brokers (LCB), a broking house specialising in bulk physical and Over-The-Counter commodities and options (coal ...
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- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Planning Commission, India
- Minerals Council of Australia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Australian Coal Association
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
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