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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 $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.
The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.
Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.
The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.
Samin indirectly controls 73 percent of the company.
“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.
The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.
Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.
Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe
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Monday, 13 October 14
NEWCASTLE COAL SWAP FOR Q1' 2015 DELIVERY CLOSED AT US$ 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 ...
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- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Marubeni Corporation - India
- 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
- Indian Energy Exchange, India
- Australian Coal Association
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- 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
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- 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
- Deloitte Consulting - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- 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
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- 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
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- 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
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., 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
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- 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
- Sical Logistics Limited - India
- 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
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
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