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

Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role. The National reported that, Dubai's utility company wil ...


Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...


Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com -  Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...


Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...


Saturday, 08 January 11
DIFFICULT YEAR FOR SHIPPING - TRANSPORT WEEKLY
Transport Weekly reported that, Shipping Corporation of India (SCI) chairman Sabyasachi Hajara says 2011 will be a difficult year because an excess ...


   1086 1087 1088 1089 1090   
Showing 5436 to 5440 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 ...

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