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, 13 October 14
NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 54.92, SGX DATA SHOWS
COALspot.com: API 5 FOB Newcastle Coal swap for delivery Q4' 2014 decreased US$ 0.80 (-1.46%) month over month and US$ 0.52 (-0.95%) week over ...


Monday, 13 October 14
INDONESIAN COAL SWAPS FOR DELIVERY Q4' 2014 GAINED WEEK ON WEEK AND DAY ON DAY
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 gained week on week and day on day. The swap lost US$ 0.13 (-0.25%) month on mon ...


Monday, 13 October 14
Q1' 2015 CFR SOUTH CHINA COAL SWAP CLOSED US$ 0.31 PMT HIGHER THAN Q4' 2014 CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 0.66 (-1.00%) month over month and US$ 0.40 (-0.61%)  ...


Sunday, 12 October 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE WEAK - VISTAAR
COALspot.com: This week all the segments softened. The BDI down 7.13 pct week on week and closed below 1000 points at 963 points. The Cape ind ...


Saturday, 11 October 14
COAL PRODUCTION RISES ONLY SLIGHTLY AS GOVT LIMITS MINING OPERATIONS - THE JAKARTA POST
Indonesian coal production rose by only 4 percent in the first nine months of this year, a relatively low increase compared to previous years, as t ...


   686 687 688 689 690   
Showing 3436 to 3440 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 ...

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