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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, 18 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.27%) day on day and US$ 0.75 (-1.36%) per mt week on week. Th ...
Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
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- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
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