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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, 09 September 14
WEAK M&A DESPITE ABUNDANT DISTRESSED INDONESIA COAL ASSETS - FITCH RATINGS
COALspot.com: Fitch Ratings says that a meaningful level of merger and acquisition (M&A) activity leading to a consolidation of the coal sector ...
Tuesday, 09 September 14
PORT OF NEWCASTLE SHIPPED 13.207 MTN OF COAL IN AUGUST; TRADE VALUE AROUND $1.17 BILLION
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.17 billio ...
Monday, 08 September 14
SUB-BIT FOB INDONESIA COAL SWAP UNDERPERFORMED LAST WEEK
COALspot.com: Indonesian coal swaps for average October 2014 decreased US$ 0.20 (-0.39%) day on day and US$ 1.60 (-3.04%) per mt week on week. The ...
Monday, 08 September 14
API 8 CFR SOUTH CHINA COAL SWAP FOR DELIVERY JAN'15 CLOSED AT US$ 66.30 PMT W/E 5 SEPTEMBER 2014; LOST 5.15% M-O-M
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 0.15 (-0.23%) day on day and US$ 2.05 (-3.04%) week on wee ...
Monday, 08 September 14
CHINESE IRON ORE IMPORT DEMAND VERY STRONG - COMMODORE
COALspot.com: 30 dry bulk vessels were chartered in the spot iron ore market last week to haul iron ore import cargoes to Chinese buyers.
Acco ...
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- Madhucon Powers Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
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- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
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- Planning Commission, India
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- Ministry of Transport, Egypt
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- Kaltim Prima Coal - Indonesia
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- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Pipit Mutiara Jaya. PT, Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- London Commodity Brokers - England
- Coal and Oil Company - UAE
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- Thai Mozambique Logistica
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- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
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- Minerals Council of Australia
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- Directorate Of Revenue Intelligence - India
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- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- White Energy Company Limited
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Wilmar Investment Holdings
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- Chamber of Mines of South Africa
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- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
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- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
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