COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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.

Recent News

Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...


Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...


Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...


Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...


Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...


   1242 1243 1244 1245 1246   
Showing 6216 to 6220 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • IOL Indonesia
  • Bangkok Bank PCL
  • Maybank - Singapore
  • The University of Queensland
  • Argus Media - Singapore
  • Meralco Power Generation, Philippines
  • Barclays Capital - USA
  • Therma Luzon, Inc, Philippines
  • UBS Singapore
  • Jaiprakash Power Ventures ltd
  • Riau Bara Harum - Indonesia
  • Thermax Limited - India
  • Glencore India Pvt. Ltd
  • Indian Oil Corporation Limited
  • Ambuja Cements Ltd - India
  • Pendopo Energi Batubara - Indonesia
  • Adaro Indonesia
  • PowerSource Philippines DevCo
  • Ministry of Mines - Canada
  • GAC Shipping (India) Pvt Ltd
  • Aboitiz Power Corporation - Philippines
  • PNOC Exploration Corporation - Philippines
  • Kobe Steel Ltd - Japan
  • Carbofer General Trading SA - India
  • BRS Brokers - Singapore
  • Vijayanagar Sugar Pvt Ltd - India
  • Bank of China, Malaysia
  • Vale Mozambique
  • J M Baxi & Co - India
  • Thiess Contractors Indonesia
  • OCBC - Singapore
  • globalCOAL - UK
  • Simpson Spence & Young - Indonesia
  • Energy Link Ltd, New Zealand
  • Maheswari Brothers Coal Limited - India
  • Electricity Generating Authority of Thailand
  • Jorong Barutama Greston.PT - Indonesia
  • Star Paper Mills Limited - India
  • Latin American Coal - Colombia
  • TRAFIGURA, South Korea
  • GN Power Mariveles Coal Plant, Philippines
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Shree Cement - India
  • Cement Manufacturers Association - India
  • PLN Batubara - Indonesia
  • Indonesia Power. PT
  • Ministry of Transport, Egypt
  • Jindal Steel & Power Ltd - India
  • CoalTek, United States
  • Gujarat Sidhee Cement - India
  • KEPCO - South Korea
  • International Coal Ventures Pvt Ltd - India
  • Siam City Cement PLC, Thailand
  • Karbindo Abesyapradhi - Indoneisa
  • Permata Bank - Indonesia
  • Ince & co LLP
  • Cigading International Bulk Terminal - Indonesia
  • Australian Coal Association
  • Price Waterhouse Coopers - Russia
  • Bhushan Steel Limited - India
  • Singapore Mercantile Exchange
  • Enel Italy
  • Kaltim Prima Coal - Indonesia
  • bp singapore
  • Australian Commodity Traders Exchange
  • Maersk Broker
  • CESC Limited - India
  • Karaikal Port Pvt Ltd - India
  • Bhatia International Limited - India
  • BNP Paribas - Singapore
  • Ministry of Finance - Indonesia
  • Salva Resources Pvt Ltd - India
  • JPower - Japan
  • RBS Sempra - UK
  • Ernst & Young Pvt. Ltd.
  • Maruti Cements - India
  • Global Green Power PLC Corporation, Philippines
  • Thailand Anthracite
  • Runge Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Inspectorate - India
  • Attock Cement Pakistan Limited
  • ETA - Dubai
  • IMC Shipping - Singapore
  • KPMG - USA
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Coeclerici Indonesia
  • Xstrata Coal
  • Wood Mackenzie - Singapore
  • Bahari Cakrawala Sebuku - Indonesia
  • Bangladesh Power Developement Board
  • Moodys - Singapore
  • LBH Netherlands Bv - Netherlands
  • Essar Steel Hazira Ltd - India
  • Petrosea - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • MEC Coal - Indonesia
  • Madhucon Powers Ltd - India
  • PLN - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Indian School of Mines
  • Vitol - Bahrain
  • SUEK AG - Indonesia
  • Uttam Galva Steels Limited - India
  • Romanian Commodities Exchange
  • Intertek Mineral Services - Indonesia
  • Cemex - Philippines
  • India Bulls Power Limited - India
  • Indogreen Group - Indonesia
  • Parry Sugars Refinery, India
  • Lafarge - France
  • Berau Coal - Indonesia
  • Goldman Sachs - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • UOB Asia (HK) Ltd
  • PetroVietnam
  • Orica Australia Pty. Ltd.
  • Rio Tinto Coal - Australia
  • Alfred C Toepfer International GmbH - Germany
  • Britmindo - Indonesia
  • Malco - India
  • Planning Commission, India
  • Central Electricity Authority - India
  • Jatenergy - Australia
  • Toyota Tsusho Corporation, Japan
  • Sojitz Corporation - Japan
  • Baramulti Group, Indonesia
  • Bukit Makmur.PT - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Coal and Oil Company - UAE
  • KOWEPO - South Korea
  • Arutmin Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Dalmia Cement Bharat India
  • Tamil Nadu electricity Board
  • Binh Thuan Hamico - Vietnam
  • AsiaOL BioFuels Corp., Philippines
  • Tata Chemicals Ltd - India
  • Samtan Co., Ltd - South Korea
  • Samsung - South Korea
  • ASAPP Information Group - India
  • Mechel - Russia
  • WorleyParsons
  • Timah Investasi Mineral - Indoneisa
  • White Energy Company Limited
  • Central Java Power - Indonesia
  • Ind-Barath Power Infra Limited - India
  • SN Aboitiz Power Inc, Philippines
  • Inco-Indonesia
  • Peabody Energy - USA
  • Indian Energy Exchange, India
  • Platts
  • Malabar Cements Ltd - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Formosa Plastics Group - Taiwan
  • TeaM Sual Corporation - Philippines
  • Manunggal Multi Energi - Indonesia
  • Core Mineral Indonesia
  • Port Waratah Coal Services - Australia
  • Indo Tambangraya Megah - Indonesia
  • Trasteel International SA, Italy
  • Pipit Mutiara Jaya. PT, Indonesia
  • Freeport Indonesia
  • PTC India Limited - India
  • Arch Coal - USA
  • Anglo American - United Kingdom
  • Coal Orbis AG
  • Japan Coal Energy Center
  • CCIC - Indonesia
  • Wilmar Investment Holdings
  • Mintek Dendrill Indonesia
  • Orica Mining Services - Indonesia
  • Mitra SK Pvt Ltd - India
  • Indorama - Singapore
  • Interocean Group of Companies - India
  • Clarksons - UK
  • Surastha Cement
  • World Bank
  • Adani Power Ltd - India
  • Coastal Gujarat Power Limited - India
  • Power Finance Corporation Ltd., India
  • Borneo Indobara - Indonesia
  • Merrill Lynch Bank
  • Leighton Contractors Pty Ltd - Australia
  • Bulk Trading Sa - Switzerland
  • Petrochimia International Co. Ltd.- Taiwan
  • MS Steel International - UAE
  • Coal India Limited
  • Meenaskhi Energy Private Limited - India
  • Infraline Energy - India
  • Electricity Authority, New Zealand
  • Posco Energy - South Korea
  • Bhoruka Overseas - Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Mitsubishi Corporation
  • Iligan Light & Power Inc, Philippines
  • Sree Jayajothi Cements Limited - India
  • Shenhua Group - China
  • Coaltrans Conferences
  • Indika Energy - Indonesia
  • ACC Limited - India
  • Thomson Reuters GRC
  • Kumho Petrochemical, South Korea
  • Grasim Industreis Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • South Luzon Thermal Energy Corporation
  • GHCL Limited - India
  • Heidelberg Cement - Germany
  • Humpuss - Indonesia
  • Global Business Power Corporation, Philippines
  • European Bulk Services B.V. - Netherlands
  • Aditya Birla Group - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Gresik Semen - Indonesia
  • CIMB Investment Bank - Malaysia
  • Krishnapatnam Port Company Ltd. - India
  • DBS Bank - Singapore
  • IEA Clean Coal Centre - UK
  • Semirara Mining Corp, Philippines
  • Coalindo Energy - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Global Coal Blending Company Limited - Australia
  • Mitsui
  • The Treasury - Australian Government
  • Pinang Coal Indonesia
  • Economic Council, Georgia
  • Commonwealth Bank - Australia
  • Standard Chartered Bank - UAE
  • Energy Development Corp, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Rudhra Energy - India
  • Sinarmas Energy and Mining - Indonesia
  • Idemitsu - Japan
  • Barasentosa Lestari - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Total Coal South Africa
  • ICICI Bank Limited - India
  • Geoservices-GeoAssay Lab
  • Merrill Lynch Commodities Europe
  • Kobexindo Tractors - Indoneisa
  • Asmin Koalindo Tuhup - Indonesia
  • GNFC Limited - India
  • Thai Mozambique Logistica
  • Kohat Cement Company Ltd. - Pakistan
  • Cebu Energy, Philippines
  • Banpu Public Company Limited - Thailand
  • The State Trading Corporation of India Ltd
  • New Zealand Coal & Carbon
  • GMR Energy Limited - India
  • Mjunction Services Limited - India
  • Cargill India Pvt Ltd
  • Deutsche Bank - India
  • Videocon Industries ltd - India
  • HSBC - Hong Kong
  • Petron Corporation, Philippines
  • Sarangani Energy Corporation, Philippines
  • Cosco
  • SMG Consultants - Indonesia
  • Cardiff University - UK
  • Sakthi Sugars Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Agrawal Coal Company - India
  • Chettinad Cement Corporation Ltd - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bank of America
  • Lanco Infratech Ltd - India
  • Fearnleys - India
  • Maharashtra Electricity Regulatory Commission - India
  • CNBM International Corporation - China
  • Noble Europe Ltd - UK
  • McConnell Dowell - Australia
  • VISA Power Limited - India
  • Asian Development Bank
  • Eastern Coal Council - USA
  • Xindia Steels Limited - India
  • Kideco Jaya Agung - Indonesia
  • Oldendorff Carriers - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • APGENCO India
  • TNPL - India
  • NALCO India
  • SRK Consulting
  • San Jose City I Power Corp, Philippines
  • SASOL - South Africa
  • Bharathi Cement Corporation - India
  • GB Group - China
  • Sucofindo - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • EIA - United States
  • GVK Power & Infra Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • Vizag Seaport Private Limited - India
  • Tata Power - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • ING Bank NV - Singapore
  • Chamber of Mines of South Africa
  • Siam City Cement - Thailand
  • TANGEDCO India
  • Gupta Coal India Ltd
  • Neyveli Lignite Corporation Ltd, - India
  • Marubeni Corporation - India
  • Eastern Energy - Thailand
  • Reliance Power - India
  • U S Energy Resources
  • Altura Mining Limited, Indonesia
  • KPCL - India
  • Credit Suisse - India
  • EMO - The Netherlands
  • The India Cements Ltd
  • JPMorgan - India
  • Panama Canal Authority
  • Semirara Mining and Power Corporation, Philippines
  • World Coal - UK
  • NTPC Limited - India
  • IBC Asia (S) Pte Ltd
  • ANZ Bank - Australia
  • Mercuria Energy - Indonesia
  • Qatrana Cement - Jordan
  • Directorate General of MIneral and Coal - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Africa Commodities Group - South Africa
  • Minerals Council of Australia
  • Deloitte Consulting - India
  • Parliament of New Zealand
  • Larsen & Toubro Limited - India
  • TGV SRAAC LIMITED, India
  • Vedanta Resources Plc - India
  • McKinsey & Co - India
  • Asia Cement - Taiwan
  • SGS (Thailand) Limited
  • Renaissance Capital - South Africa
  • Rashtriya Ispat Nigam Limited - India
  • Sical Logistics Limited - India
  • Tanito Harum - Indonesia
  • Independent Power Producers Association of India
  • Medco Energi Mining Internasional
  • Mercator Lines Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Indonesian Coal Mining Association
  • Makarim & Taira - Indonesia
  • Savvy Resources Ltd - HongKong
  • Platou - Singapore
  • Thriveni
  • Sindya Power Generating Company Private Ltd
  • London Commodity Brokers - England
  • Edison Trading Spa - Italy
  • Russian Coal LLC
  • Georgia Ports Authority, United States
  • Gujarat Electricity Regulatory Commission - India
  • Metalloyd Limited - United Kingdom
  • SMC Global Power, Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • Antam Resourcindo - Indonesia