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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 $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.
The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.
Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.
The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.
Samin indirectly controls 73 percent of the company.
“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.
The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.
Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.
Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe
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Monday, 31 March 14
CFR SOUTH CHINA COAL SWAP FOR Q2 14 DELIVERY LOST 1.17% M-O-M
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.17 percent month on month and closed at US$ 75.38 per m ...
Sunday, 30 March 14
FREIGHTS FROM INDONESIA TO INDIA IS EXPECTED TO BE SOFT NEXT WEEK - REDDY
COALspot.com: The freight market dropped drastically and all sectors were affected severely.
The BDI was down by 14.13 pct and closed at 1, ...
Friday, 28 March 14
US PRODUCED APPROXIMATELY 18.9 MMST IN A WEEK - EIA
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Friday, 28 March 14
CHINA'S ENVIRONMENTAL MEASURES WILL NOT CURB GROWTH IN DOMESTIC STEEL PRODUCTION AND SEABORNE IRON ORE - WOOD MACKENZIE SAYS
Steel plants in China have been targeted as a major source of the toxic smog enveloping Beijing and Shanghai. Emergency measures have been impos ...
Thursday, 27 March 14
PANAMAX : SEEMS TO HEAD FURTHER DOWN; CAPESIZE : ANOTHER CHOPPY AND UNPREDICTABLE WEEK - FEARNLEYS AS
Handy
A weaker sentiment for the smaller size as well, with reduced activity in the Atlantic where Owners have to face significantly lower ret ...
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- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Heidelberg Cement - Germany
- MS Steel International - UAE
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Planning Commission, India
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
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