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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, 25 November 10
JSW ENERGY BUYS CANADIAN COAL FIRM FOR $411 MN - NDTV PROFIT
NDTV Profit reported that, Sajjan Jindal-owned JSW Energy on Wednesday said it has entered into an agreement to buy out British Virgin Islands-based ...
Thursday, 25 November 10
DRY BULK MARKET STILL GOING STRONG THIS WEEK, CAPESIZE SECTOR LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to e ...
Wednesday, 24 November 10
COAL PRODUCTION PREDICTED TO CLIMB IN SUNNIER 2011 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal producers are expected to increase output by 13 percent in 2011, thanks to predicted better ...
Monday, 22 November 10
RUSSIA'S KTK HAS PRODUCED 4.59 MLN TONNES OF COAL IN FIRST 9 MONTHS OR AN INCREASE OF 5% YEAR-ON-YEAR
COALspot.com (Press Release) - KTK has produced 4.59 mln tonnes of coal in first nine months or an increase of 5% year-on-year.
Kuzbasskaya Topli ...
Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
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- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Planning Commission, India
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- The University of Queensland
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
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