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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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Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
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Showing 5926 to 5930 news of total 6871 |
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- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Deloitte Consulting - India
- White Energy Company Limited
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
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