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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, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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Showing 6006 to 6010 news of total 6871 |
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- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Economic Council, Georgia
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Planning Commission, India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
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