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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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Friday, 15 January 10
ADARO INDONESIA STILL TOPS IN INDONESIAN COAL EXPORT RANKING
COALspot.com (Indonesia): PT. Adaro Indonesia, the world first Envirocoal producer and Indonesia's second largest thermal coal producer is top coal ...
Friday, 15 January 10
NTPC TO ADD 6,000 MW EACH YEAR IN 12TH PLAN
Will raise total generation capacity to 75,000 Mw by 2017, up from 30,644 Mw at present.
India's largest power generator NTPC, which will launch ...
Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG
Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the s ...
Friday, 15 January 10
CHINA POWER FIRMS SEEK COAL IMPORTS, SUPPLY SCARCE
China's coal-hungry power plants have turned to imported coal to cope with widespread shortages, but spot supply is scarce, traders said on Thursda ...
Thursday, 14 January 10
INDONESIA POWER REDUCES COAL SUPPLY
PT Indonesia Power will reduce coal supplies from PT Tambang Batu Bara Bukit Asam to its Suralaya Power Plant. "The coal supply for the plant s ...
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Showing 6086 to 6090 news of total 6871 |
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- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
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