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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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Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
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Showing 5881 to 5885 news of total 6871 |
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- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
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