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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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Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
Friday, 18 September 09
AUSTRALIA NEWCASTLE COAL PORT: SEEKS INTERIM QUOTA SYSTEM
Reuters reported that, Australia's Newcastle coal terminal wants to re-introduce an interim export quota system after a group of miners led by BHP ...
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Showing 6411 to 6415 news of total 6871 |
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- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- Australian Coal Association
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Planning Commission, India
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