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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, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
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- Planning Commission, India
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- The University of Queensland
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Economic Council, Georgia
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Australian Coal Association
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
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