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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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Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
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- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
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