We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
|
|
|
Showing 5931 to 5935 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- The University of Queensland
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
|
| |
| |
|