COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Sunday, 13 March 11
COAL NO LONGER A CHEAP ENERGY SOURCE - THE SUNDAY LEADER
The Sunday Leader reported that, the addition of power generated through coal power to the country’s national grid was initially expected to r ...


Sunday, 13 March 11
THE FREIGHT MARKET SEEMS WILL BE FIRM FOR MARCH AND APRIL - VISTAAR
COALspot.com - The freight market continued to rise with the BDI crossing 1500 points and the cape size index up by 32 pct and all other segments al ...


Friday, 11 March 11
THE HANDY MARKET IS QUITE VOLATILE
Handy Lacklustre week as the USG is the only bright light with high volumes of petcoke/coal into the Med (paying mid 20´s bss aps USG). Litt ...


Thursday, 10 March 11
DRY BULK MARKET SHOWING SIGNS OF STRONGER RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market jumped by 3.37% yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI), moving up to 1,472 points, levels no ...


Wednesday, 09 March 11
INDONESIA HAS SET THE MARCH 2011 INDONESIAN COAL REFERENCE PRICE FOR THERMAL COAL AT US$ 122.43 PER TON
COALspot.com -  Indonesia’s Ministry of Energy and Mineral Resources has set the March 2011 Indonesian Coal Reference Price for thermal c ...


   1068 1069 1070 1071 1072   
Showing 5346 to 5350 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Indorama - Singapore
  • Coastal Gujarat Power Limited - India
  • CESC Limited - India
  • Metalloyd Limited - United Kingdom
  • Price Waterhouse Coopers - Russia
  • Maersk Broker
  • Semirara Mining and Power Corporation, Philippines
  • Xstrata Coal
  • Globalindo Alam Lestari - Indonesia
  • Posco Energy - South Korea
  • Attock Cement Pakistan Limited
  • Baramulti Group, Indonesia
  • Britmindo - Indonesia
  • TGV SRAAC LIMITED, India
  • The Treasury - Australian Government
  • TANGEDCO India
  • Thomson Reuters GRC
  • Dalmia Cement Bharat India
  • Tamil Nadu electricity Board
  • Mitra SK Pvt Ltd - India
  • Bhushan Steel Limited - India
  • Directorate Of Revenue Intelligence - India
  • Planning Commission, India
  • NTPC Limited - India
  • Merrill Lynch Bank
  • PowerSource Philippines DevCo
  • ING Bank NV - Singapore
  • Salva Resources Pvt Ltd - India
  • WorleyParsons
  • Mechel - Russia
  • CIMB Investment Bank - Malaysia
  • Latin American Coal - Colombia
  • Kartika Selabumi Mining - Indonesia
  • Economic Council, Georgia
  • SMG Consultants - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Sojitz Corporation - Japan
  • ANZ Bank - Australia
  • Gupta Coal India Ltd
  • Independent Power Producers Association of India
  • Asian Development Bank
  • IEA Clean Coal Centre - UK
  • Aboitiz Power Corporation - Philippines
  • Maheswari Brothers Coal Limited - India
  • Clarksons - UK
  • Gujarat Electricity Regulatory Commission - India
  • Glencore India Pvt. Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • Reliance Power - India
  • Essar Steel Hazira Ltd - India
  • IMC Shipping - Singapore
  • Carbofer General Trading SA - India
  • Aditya Birla Group - India
  • GB Group - China
  • Lafarge - France
  • Karaikal Port Pvt Ltd - India
  • Mercator Lines Limited - India
  • Bayan Resources Tbk. - Indonesia
  • Petrosea - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Vitol - Bahrain
  • The University of Queensland
  • Minerals Council of Australia
  • Coeclerici Indonesia
  • Global Coal Blending Company Limited - Australia
  • Global Business Power Corporation, Philippines
  • Indian School of Mines
  • Coal India Limited
  • Siam City Cement - Thailand
  • Bharathi Cement Corporation - India
  • Orica Mining Services - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Holcim Trading Pte Ltd - Singapore
  • Renaissance Capital - South Africa
  • Banpu Public Company Limited - Thailand
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Kalimantan Lumbung Energi - Indonesia
  • Manunggal Multi Energi - Indonesia
  • Mitsui
  • JPMorgan - India
  • Kideco Jaya Agung - Indonesia
  • PLN Batubara - Indonesia
  • Wilmar Investment Holdings
  • Standard Chartered Bank - UAE
  • Bahari Cakrawala Sebuku - Indonesia
  • Agrawal Coal Company - India
  • BRS Brokers - Singapore
  • Interocean Group of Companies - India
  • Tata Power - India
  • Siam City Cement PLC, Thailand
  • Shenhua Group - China
  • Ernst & Young Pvt. Ltd.
  • Savvy Resources Ltd - HongKong
  • Mjunction Services Limited - India
  • Deutsche Bank - India
  • Sucofindo - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Bhoruka Overseas - Indonesia
  • Chamber of Mines of South Africa
  • Bukit Makmur.PT - Indonesia
  • Mintek Dendrill Indonesia
  • Permata Bank - Indonesia
  • Kobe Steel Ltd - Japan
  • JPower - Japan
  • Kohat Cement Company Ltd. - Pakistan
  • Thai Mozambique Logistica
  • PetroVietnam
  • Indian Energy Exchange, India
  • London Commodity Brokers - England
  • Indonesia Power. PT
  • The India Cements Ltd
  • Bank of China, Malaysia
  • Enel Italy
  • Electricity Generating Authority of Thailand
  • SMC Global Power, Philippines
  • Eastern Coal Council - USA
  • Infraline Energy - India
  • Gujarat Sidhee Cement - India
  • Intertek Mineral Services - Indonesia
  • DBS Bank - Singapore
  • Fearnleys - India
  • Barasentosa Lestari - Indonesia
  • Ambuja Cements Ltd - India
  • Orica Australia Pty. Ltd.
  • Argus Media - Singapore
  • Credit Suisse - India
  • Russian Coal LLC
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Edison Trading Spa - Italy
  • Videocon Industries ltd - India
  • ETA - Dubai
  • Vizag Seaport Private Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Medco Energi Mining Internasional
  • World Bank
  • Lanco Infratech Ltd - India
  • BNP Paribas - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Tata Chemicals Ltd - India
  • Sical Logistics Limited - India
  • Sarangani Energy Corporation, Philippines
  • Jindal Steel & Power Ltd - India
  • CNBM International Corporation - China
  • LBH Netherlands Bv - Netherlands
  • Uttam Galva Steels Limited - India
  • Barclays Capital - USA
  • SN Aboitiz Power Inc, Philippines
  • Tanito Harum - Indonesia
  • ASAPP Information Group - India
  • Iligan Light & Power Inc, Philippines
  • Pendopo Energi Batubara - Indonesia
  • Indian Oil Corporation Limited
  • Simpson Spence & Young - Indonesia
  • SGS (Thailand) Limited
  • Panama Canal Authority
  • Geoservices-GeoAssay Lab
  • Ceylon Electricity Board - Sri Lanka
  • Central Java Power - Indonesia
  • Malabar Cements Ltd - India
  • TNPL - India
  • KEPCO - South Korea
  • Vale Mozambique
  • Energy Development Corp, Philippines
  • Cement Manufacturers Association - India
  • New Zealand Coal & Carbon
  • HSBC - Hong Kong
  • Rio Tinto Coal - Australia
  • Cebu Energy, Philippines
  • GVK Power & Infra Limited - India
  • Moodys - Singapore
  • Goldman Sachs - Singapore
  • Noble Europe Ltd - UK
  • Georgia Ports Authority, United States
  • globalCOAL - UK
  • Leighton Contractors Pty Ltd - Australia
  • Karbindo Abesyapradhi - Indoneisa
  • Oldendorff Carriers - Singapore
  • Shree Cement - India
  • Parliament of New Zealand
  • Larsen & Toubro Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Ministry of Transport, Egypt
  • Marubeni Corporation - India
  • Heidelberg Cement - Germany
  • Gresik Semen - Indonesia
  • RBS Sempra - UK
  • GMR Energy Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Platts
  • Chettinad Cement Corporation Ltd - India
  • Thiess Contractors Indonesia
  • San Jose City I Power Corp, Philippines
  • Straits Asia Resources Limited - Singapore
  • Semirara Mining Corp, Philippines
  • Makarim & Taira - Indonesia
  • Antam Resourcindo - Indonesia
  • White Energy Company Limited
  • Rashtriya Ispat Nigam Limited - India
  • Runge Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Samsung - South Korea
  • Bangkok Bank PCL
  • Ministry of Finance - Indonesia
  • Jaiprakash Power Ventures ltd
  • Electricity Authority, New Zealand
  • MEC Coal - Indonesia
  • Cosco
  • Directorate General of MIneral and Coal - Indonesia
  • Pinang Coal Indonesia
  • Rudhra Energy - India
  • KPMG - USA
  • GNFC Limited - India
  • Riau Bara Harum - Indonesia
  • South Luzon Thermal Energy Corporation
  • Inco-Indonesia
  • Petron Corporation, Philippines
  • Wood Mackenzie - Singapore
  • Altura Mining Limited, Indonesia
  • Cardiff University - UK
  • Mercuria Energy - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • SUEK AG - Indonesia
  • Australian Commodity Traders Exchange
  • Arch Coal - USA
  • Alfred C Toepfer International GmbH - Germany
  • MS Steel International - UAE
  • bp singapore
  • Deloitte Consulting - India
  • India Bulls Power Limited - India
  • Meralco Power Generation, Philippines
  • Australian Coal Association
  • Peabody Energy - USA
  • Toyota Tsusho Corporation, Japan
  • AsiaOL BioFuels Corp., Philippines
  • Thailand Anthracite
  • Grasim Industreis Ltd - India
  • Therma Luzon, Inc, Philippines
  • Coal and Oil Company - UAE
  • Singapore Mercantile Exchange
  • Meenaskhi Energy Private Limited - India
  • VISA Power Limited - India
  • Indonesian Coal Mining Association
  • Ind-Barath Power Infra Limited - India
  • KOWEPO - South Korea
  • Idemitsu - Japan
  • Vedanta Resources Plc - India
  • Romanian Commodities Exchange
  • OCBC - Singapore
  • Port Waratah Coal Services - Australia
  • Berau Coal - Indonesia
  • Malco - India
  • Samtan Co., Ltd - South Korea
  • ACC Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Bangladesh Power Developement Board
  • Merrill Lynch Commodities Europe
  • Thermax Limited - India
  • Platou - Singapore
  • Kumho Petrochemical, South Korea
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • KPCL - India
  • Freeport Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Asia Cement - Taiwan
  • J M Baxi & Co - India
  • Bhatia International Limited - India
  • Binh Thuan Hamico - Vietnam
  • Bank of America
  • Sindya Power Generating Company Private Ltd
  • Kepco SPC Power Corporation, Philippines
  • Inspectorate - India
  • Miang Besar Coal Terminal - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • World Coal - UK
  • GHCL Limited - India
  • Cemex - Philippines
  • SRK Consulting
  • Maybank - Singapore
  • GN Power Mariveles Coal Plant, Philippines
  • Central Electricity Authority - India
  • EMO - The Netherlands
  • CCIC - Indonesia
  • PTC India Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Maharashtra Electricity Regulatory Commission - India
  • NALCO India
  • Total Coal South Africa
  • Star Paper Mills Limited - India
  • Cargill India Pvt Ltd
  • The State Trading Corporation of India Ltd
  • McConnell Dowell - Australia
  • Adani Power Ltd - India
  • Qatrana Cement - Jordan
  • Billiton Holdings Pty Ltd - Australia
  • Eastern Energy - Thailand
  • Gujarat Mineral Development Corp Ltd - India
  • Humpuss - Indonesia
  • Surastha Cement
  • Kaltim Prima Coal - Indonesia
  • U S Energy Resources
  • APGENCO India
  • Mitsubishi Corporation
  • ICICI Bank Limited - India
  • GAC Shipping (India) Pvt Ltd
  • PNOC Exploration Corporation - Philippines
  • Borneo Indobara - Indonesia
  • Arutmin Indonesia
  • Trasteel International SA, Italy
  • Madhucon Powers Ltd - India
  • Commonwealth Bank - Australia
  • Coalindo Energy - Indonesia
  • Parry Sugars Refinery, India
  • PLN - Indonesia
  • IBC Asia (S) Pte Ltd
  • Maruti Cements - India
  • McKinsey & Co - India
  • Indo Tambangraya Megah - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Power Finance Corporation Ltd., India
  • PetroVietnam Power Coal Import and Supply Company
  • TeaM Sual Corporation - Philippines
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Sakthi Sugars Limited - India
  • Thriveni
  • Ministry of Mines - Canada
  • SASOL - South Africa
  • Energy Link Ltd, New Zealand
  • Anglo American - United Kingdom
  • Africa Commodities Group - South Africa
  • Japan Coal Energy Center
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • CoalTek, United States
  • Core Mineral Indonesia
  • Xindia Steels Limited - India
  • Adaro Indonesia
  • Coaltrans Conferences
  • European Bulk Services B.V. - Netherlands
  • Ince & co LLP
  • IOL Indonesia
  • UBS Singapore
  • Indogreen Group - Indonesia
  • Coal Orbis AG
  • Formosa Plastics Group - Taiwan
  • Bulk Trading Sa - Switzerland
  • Vijayanagar Sugar Pvt Ltd - India
  • IHS Mccloskey Coal Group - USA
  • Indika Energy - Indonesia
  • EIA - United States
  • TRAFIGURA, South Korea
  • UOB Asia (HK) Ltd
  • Jatenergy - Australia