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, 11 October 10
COAL IMPORTS TO START IN 2015 - VIETNAM BUSINESS
Vietnam Business reported that,  Viet Nam is now likely to import coal only from 2015, not 2013 as earlier forecast since many thermal power pl ...


Monday, 11 October 10
OCTOBER INDONESIAN COAL PRICE REFERENCE UP BY 2.92 PERCENT
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...


Saturday, 09 October 10
MPPGCL SEEKS TO BUY 0.40 MLN MT OF COAL FOR ITS THERMAL POWER STATIONS
COALspot.com: India's Madhya Pradesh Generating Company Limited (MPPGCL), Jabalpur, Madhya Pradesh invites bidders through tender 07-03/Import/Coal ...


Saturday, 09 October 10
FREIGHT MARKET IS EXPECTED TO FIRM UP NEXT WEEK CAPT REDDY
COALspot.com: Inspite of Chinese holidays the BDI was up by 10 pct and closed at 2,696 points. The cape index shot up to 20 pct and closed at 4,076 ...


Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...


   1113 1114 1115 1116 1117   
Showing 5571 to 5575 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 ...

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