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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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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Minerals Council of Australia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
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