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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 $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.
The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.
Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.
The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.
Samin indirectly controls 73 percent of the company.
“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.
The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.
Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.
Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe
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Monday, 22 September 14
COAL SECTOR CHAOS - GENESIS TO REVELATION - DIPESH DIPU
COALspot.com: “Let there be light”, intends the government of India but the fuel side of the story paints a blackout. The recent Suprem ...
Monday, 22 September 14
CFR SOUTH CHINA COAL SWAPS LOST ON DAY, WEEK AND MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 3.10 (-4.50%) month over month and $ 0.95 PT MT week over ...
Monday, 22 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average October 2014 increased US$ 0.35 (+0.69%) day on day and lost US$ 0.30 (-0.58%) per mt week on week. ...
Sunday, 21 September 14
CAPE INDEX LOST 17% W-O-W ; BALTIC DRY PLUNGES 106 POINTS
COALspot.com: This week the freight market softened a bit compared to last week.
BDI fell 8.97% week on week and closed BDI at 1075 points on ...
Friday, 19 September 14
U.S. WEEKLY COAL PRODUCTION RELATIVELY FLAT AT +0.1% - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.20 million short tons (mmst) of coal in ...
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- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Australian Coal Association
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- The University of Queensland
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
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