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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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Friday, 02 May 14
US WEEKLY COAL PRODUCTION RELATIVELY FLAT AT -0.1%, SAYS EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
Friday, 02 May 14
DRY BULK MARKET SHOWING SIGNS OF COMEBACK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market which has been hovering below the 1,000-point market (BDI) during the past couple of weeks, could be exhibiting signs of a s ...
Thursday, 01 May 14
INDONESIA EXPORT BAN POINTS TO QUESTIONS OVER CHINA'S LONG-TERM BAUXITE SUPPLY - WOOD MACKENZIE
China’s Bauxite demand forecast to reach 240 million tonnes by 2030
In light of the Indonesian mineral ore ban that came into force o ...
Thursday, 01 May 14
DRY BULK MARKET STILL REELING UNDER PRESSURE FROM VARIOUS FACTORS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's revival is still overdue, as the industry's benchmark, the BDI is still lagging below the 1,000-point mark. In fac ...
Wednesday, 30 April 14
FREIGHT MARKET FOR DRY BULKERS STILL REMAINS WEAK - INTERMODAL
One week after the Easter holiday and the celebration for the resurrection of Christ, everybody expected to see a similar sign of a revival in t ...
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Showing 3726 to 3730 news of total 6871 |
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- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
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