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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, 14 July 14
SGX CFR SOUTH CHINA COAL SWAP FOR Q3' 14 LOST 17.29% SINCE EARLY JANUARY 2014
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. API 8 CFR South China Coal swap for delivery in Q3 drops U ...
Sunday, 13 July 14
PANAMAX INDEX GAINS SLIGHTLY THIS WEEK; CAPE INDEX FALLS ALMOST 21.40%
COALspot.com: This week the freight market fell again after gaining last week. The cape index was down almost 21.40 pct and closed at 1465 points.
...
Friday, 11 July 14
EUROPE HAS A SUBSTANTIAL SURPLUS IN COAL SUPPLIES; RENEWABLE ENERGIES ARE REDUCING THE FULL-LOAD OPERATING HOURS OF HARD COAL-FIRED POWER PLANTS - VDKI
COALspot.com: General conditions for coal-fired power plants must be improved if the energy turnaround is to be a success, said German coal importe ...
Friday, 11 July 14
DR.CIESLIK RE-ELECTED AS CEO OF GERMAN COAL IMPORTER ASSOCIATION (VDKI)
Press Release : Dr Cieslik re-elected as CEO of German Coal Importer Association (VDKi) for the period 2014 – 2018. The German Coal Importer ...
Friday, 11 July 14
PORT OF NEWCASTLE SHIPPED $ 1.031 BILLION WORTH OF 11.744 MILLION TONS OF COAL IN JUNE 2014
COALspot.com: Port of Newcastle has shipped 11,744,396 tons of coal for the month ended 30 June 2014. According to Port’s monthly report, YTD ...
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- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- The University of Queensland
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
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