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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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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 ...
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- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- 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
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- 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
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- The University of Queensland
- 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
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- 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
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- 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.
- White Energy Company Limited
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- 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
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- 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
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
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