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

Tuesday, 07 October 14
API 8 CFR SOUTH CHINA COAL SWAP HEADED SOUTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 1.10 (-1.64%) month over month and US$ 0.25 (-0.38%)  ...


Monday, 06 October 14
' COAL-BY-WIRE' FROM SUMATRA TO JAVA - THE JAKARTA POST
Coal from the island of Sumatra accounts for most of Indonesia’s low-grade lignite, a low-quality coal that receives a poor price in internat ...


Monday, 06 October 14
THE IRON ORE SHIPPING BUSINESS IS FACING SOME ROUGH SEAS - EAST ASIA FORUM
The impact of Chinese demand on global iron ore prices is well known. A less acknowledged consequence of China’s emergence is the transformat ...


Sunday, 05 October 14
BALTIC DRY INDEX SLIPS 1.14%; BALTIC PANAMAX INDEX GAINED 9.91% WEEK ON WEEK
COALspot.com: The BDI was down by 1.14 pct and closed at 1037 points this Friday. The Cape index was down significantly week on week or lost 5 ...


Friday, 03 October 14
U.S. WEEKLY COAL PRODUCTION UP 5.8% TO 19.9 MMST
COALspot.com – United States the world's one of  largest coal producers, produced approximately 19.9 million short tons (mmst) of co ...


   689 690 691 692 693   
Showing 3451 to 3455 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 ...

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