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Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
.jpg) 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, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the sout ...
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- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Planning Commission, India
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
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