We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Thursday, 21 October 10
WORLDS FIRST, SINGAPORE EXCHANGE TO CLEAR OTC INDONESIAN COAL SWAP - MONDOVISIONE
Mondovisione reported that, Singapore Exchange (SGX) will be the first exchange in the world to clear over-the-counter (OTC) Indonesian Sub-Bitumino ...
Thursday, 21 October 10
MEC WOOS INDIAN POWER FIRMS FOR 50% STAKE SALE - BUSINESS STANDARD
Business-Standard reported that, Singapore-based MEC Coal plans to rope in an Indian power company as a 50 per cent equity partner. It is believed t ...
Thursday, 21 October 10
CAPESIZE, A FANTASTIC WEEK WITH IMPROVED RATES IN BOTH BASINS - FEARNBULK
Handy Activity remains slow this week combined with a lack of fresh enquiry in the Atlantic. Indexes are all negative except Cape but it is worth no ...
Wednesday, 20 October 10
BLENDING OF IMPORTED COAL AT THERMAL PLANT UP TO 30 % MAY BE ALLOWED - PUNJAB NEWS LINE
Punjab News Line reported that, Indian government is considering allowing increase in the blending ratio of imported coal from 10 to 30 percent at t ...
Wednesday, 20 October 10
CANADIAN CHALLENGER ACQUIRES INDONESIAN COAL PROJECT
COALspot.com (Press Release): According to Challenger Deep Resources Corp's website and press release posted on the site, Challenger Deep Res ...
|
|
|
Showing 5556 to 5560 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- White Energy Company Limited
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- The University of Queensland
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
|
| |
| |
|