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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, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
...
Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
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- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- MS Steel International - UAE
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Planning Commission, India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
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