COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 26 March 14
NEWBUILDING ORDERING ACTIVITY PICKS UP PACE ON IMPROVING DRY BULK MARKET CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The gradual improvement of the dry bulk market, as expected for some time now, is urging shipowners to increase their newbuilding ordering activ ...


Wednesday, 26 March 14
LARGE AMOUNT OF VESSELS CHARTERED TO HAUL IRON ORE CARGOES TO CHINESE BUYERS THIS WEEK - COMMODORE RESEARCH & CONSULTANCY
COALspot.com: Through the first three days of this week, 18 dry bulk vessels have been chartered to haul spot iron ore cargoes to Chinese buyers ...


Wednesday, 26 March 14
JOIN IN THE CLEAN COAL CASE STUDY WITH SINOPEC!
Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12,13, 2014 in Beijing, China. We are glad to invite  Experts ...


Tuesday, 25 March 14
INDONESIAN SUB-BITUMINOUS COAL SWAP FOR Q2 DELIVERY CLOSED $ 57.40 PMT W/E 21 MARCH 2014
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 gained this pa ...


Tuesday, 25 March 14
NEWCASTLE COAL EXPORTS JUMP 29.16% TO 2.79 MMT WEEK ON WEEK
COALspot.com: In the week ended 24 March 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2.79 ...


   755 756 757 758 759   
Showing 3781 to 3785 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Wilmar Investment Holdings
  • Berau Coal - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • World Bank
  • Sinarmas Energy and Mining - Indonesia
  • Gresik Semen - Indonesia
  • Singapore Mercantile Exchange
  • Infraline Energy - India
  • Ministry of Transport, Egypt
  • Gujarat Sidhee Cement - India
  • PLN Batubara - Indonesia
  • Maruti Cements - India
  • Ceylon Electricity Board - Sri Lanka
  • Attock Cement Pakistan Limited
  • Heidelberg Cement - Germany
  • Latin American Coal - Colombia
  • SMG Consultants - Indonesia
  • Parliament of New Zealand
  • Platou - Singapore
  • NALCO India
  • SGS (Thailand) Limited
  • Xindia Steels Limited - India
  • McConnell Dowell - Australia
  • Coal and Oil Company - UAE
  • Madhucon Powers Ltd - India
  • TANGEDCO India
  • Global Business Power Corporation, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Lafarge - France
  • Indian Oil Corporation Limited
  • The India Cements Ltd
  • LBH Netherlands Bv - Netherlands
  • Jatenergy - Australia
  • Rudhra Energy - India
  • WorleyParsons
  • Indian Energy Exchange, India
  • IHS Mccloskey Coal Group - USA
  • Vedanta Resources Plc - India
  • PetroVietnam Power Coal Import and Supply Company
  • Formosa Plastics Group - Taiwan
  • Chettinad Cement Corporation Ltd - India
  • OCBC - Singapore
  • Medco Energi Mining Internasional
  • Cemex - Philippines
  • Indonesian Coal Mining Association
  • Energy Link Ltd, New Zealand
  • NTPC Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • GVK Power & Infra Limited - India
  • Australian Commodity Traders Exchange
  • Meralco Power Generation, Philippines
  • Renaissance Capital - South Africa
  • Semirara Mining Corp, Philippines
  • Posco Energy - South Korea
  • Parry Sugars Refinery, India
  • Samsung - South Korea
  • Metalloyd Limited - United Kingdom
  • Leighton Contractors Pty Ltd - Australia
  • Bank of China, Malaysia
  • U S Energy Resources
  • Arutmin Indonesia
  • Africa Commodities Group - South Africa
  • Alfred C Toepfer International GmbH - Germany
  • Banpu Public Company Limited - Thailand
  • Meenaskhi Energy Private Limited - India
  • Oldendorff Carriers - Singapore
  • Petrosea - Indonesia
  • Noble Europe Ltd - UK
  • Salva Resources Pvt Ltd - India
  • Makarim & Taira - Indonesia
  • Russian Coal LLC
  • Uttam Galva Steels Limited - India
  • Kartika Selabumi Mining - Indonesia
  • Ministry of Finance - Indonesia
  • Coaltrans Conferences
  • SRK Consulting
  • Thomson Reuters GRC
  • Qatrana Cement - Jordan
  • Gupta Coal India Ltd
  • Commonwealth Bank - Australia
  • Gujarat Electricity Regulatory Commission - India
  • Electricity Generating Authority of Thailand
  • Grasim Industreis Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Essar Steel Hazira Ltd - India
  • Mjunction Services Limited - India
  • Samtan Co., Ltd - South Korea
  • Timah Investasi Mineral - Indoneisa
  • VISA Power Limited - India
  • MEC Coal - Indonesia
  • UOB Asia (HK) Ltd
  • Krishnapatnam Port Company Ltd. - India
  • CESC Limited - India
  • Carbofer General Trading SA - India
  • IMC Shipping - Singapore
  • Coeclerici Indonesia
  • Cebu Energy, Philippines
  • Eastern Coal Council - USA
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • TGV SRAAC LIMITED, India
  • Maharashtra Electricity Regulatory Commission - India
  • Kobexindo Tractors - Indoneisa
  • Mechel - Russia
  • Merrill Lynch Commodities Europe
  • Ministry of Mines - Canada
  • Sical Logistics Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • The University of Queensland
  • Pinang Coal Indonesia
  • Vale Mozambique
  • Runge Indonesia
  • Sarangani Energy Corporation, Philippines
  • Credit Suisse - India
  • Fearnleys - India
  • Coalindo Energy - Indonesia
  • Marubeni Corporation - India
  • UBS Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • Cosco
  • Humpuss - Indonesia
  • Dalmia Cement Bharat India
  • Adaro Indonesia
  • Manunggal Multi Energi - Indonesia
  • Therma Luzon, Inc, Philippines
  • Kideco Jaya Agung - Indonesia
  • Peabody Energy - USA
  • IEA Clean Coal Centre - UK
  • GN Power Mariveles Coal Plant, Philippines
  • Jaiprakash Power Ventures ltd
  • Inspectorate - India
  • Coastal Gujarat Power Limited - India
  • Japan Coal Energy Center
  • Asian Development Bank
  • Tata Power - India
  • Iligan Light & Power Inc, Philippines
  • Deloitte Consulting - India
  • SUEK AG - Indonesia
  • TeaM Sual Corporation - Philippines
  • Kepco SPC Power Corporation, Philippines
  • JPMorgan - India
  • Siam City Cement PLC, Thailand
  • GB Group - China
  • Sakthi Sugars Limited - India
  • Australian Coal Association
  • AsiaOL BioFuels Corp., Philippines
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Inco-Indonesia
  • JPower - Japan
  • Sojitz Corporation - Japan
  • Rio Tinto Coal - Australia
  • Core Mineral Indonesia
  • Borneo Indobara - Indonesia
  • Freeport Indonesia
  • Barclays Capital - USA
  • Thermax Limited - India
  • Aditya Birla Group - India
  • KEPCO - South Korea
  • J M Baxi & Co - India
  • Global Green Power PLC Corporation, Philippines
  • Cardiff University - UK
  • Indogreen Group - Indonesia
  • Xstrata Coal
  • DBS Bank - Singapore
  • Kalimantan Lumbung Energi - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Deutsche Bank - India
  • ETA - Dubai
  • Bayan Resources Tbk. - Indonesia
  • PLN - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Thailand Anthracite
  • Miang Besar Coal Terminal - Indonesia
  • GHCL Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Tanito Harum - Indonesia
  • GMR Energy Limited - India
  • APGENCO India
  • Maersk Broker
  • Jindal Steel & Power Ltd - India
  • EMO - The Netherlands
  • ANZ Bank - Australia
  • Bharathi Cement Corporation - India
  • Bangkok Bank PCL
  • PTC India Limited - India
  • Central Electricity Authority - India
  • MS Steel International - UAE
  • Star Paper Mills Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Vizag Seaport Private Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • ASAPP Information Group - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • India Bulls Power Limited - India
  • Malco - India
  • Simpson Spence & Young - Indonesia
  • BRS Brokers - Singapore
  • Binh Thuan Hamico - Vietnam
  • Independent Power Producers Association of India
  • Petron Corporation, Philippines
  • Kumho Petrochemical, South Korea
  • Thriveni
  • Bhushan Steel Limited - India
  • Wood Mackenzie - Singapore
  • Lanco Infratech Ltd - India
  • CCIC - Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • London Commodity Brokers - England
  • Maybank - Singapore
  • Bank of America
  • Karbindo Abesyapradhi - Indoneisa
  • Karaikal Port Pvt Ltd - India
  • Economic Council, Georgia
  • Siam City Cement - Thailand
  • TNPL - India
  • Savvy Resources Ltd - HongKong
  • Minerals Council of Australia
  • European Bulk Services B.V. - Netherlands
  • PetroVietnam
  • Geoservices-GeoAssay Lab
  • Mitra SK Pvt Ltd - India
  • Indika Energy - Indonesia
  • Romanian Commodities Exchange
  • Pendopo Energi Batubara - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • bp singapore
  • Agrawal Coal Company - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Bhatia International Limited - India
  • Clarksons - UK
  • Panama Canal Authority
  • Orica Australia Pty. Ltd.
  • globalCOAL - UK
  • Moodys - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Orica Mining Services - Indonesia
  • Sree Jayajothi Cements Limited - India
  • South Luzon Thermal Energy Corporation
  • Port Waratah Coal Services - Australia
  • Altura Mining Limited, Indonesia
  • Chamber of Mines of South Africa
  • Ambuja Cements Ltd - India
  • Cement Manufacturers Association - India
  • Total Coal South Africa
  • Shenhua Group - China
  • Bhoruka Overseas - Indonesia
  • Edison Trading Spa - Italy
  • Electricity Authority, New Zealand
  • Surastha Cement
  • Kohat Cement Company Ltd. - Pakistan
  • GAC Shipping (India) Pvt Ltd
  • Central Java Power - Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Indorama - Singapore
  • The Treasury - Australian Government
  • ICICI Bank Limited - India
  • Antam Resourcindo - Indonesia
  • KPMG - USA
  • Maheswari Brothers Coal Limited - India
  • Mitsubishi Corporation
  • Goldman Sachs - Singapore
  • Argus Media - Singapore
  • Adani Power Ltd - India
  • SASOL - South Africa
  • Mintek Dendrill Indonesia
  • Larsen & Toubro Limited - India
  • Bulk Trading Sa - Switzerland
  • RBS Sempra - UK
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Planning Commission, India
  • Intertek Mineral Services - Indonesia
  • Permata Bank - Indonesia
  • Ince & co LLP
  • Glencore India Pvt. Ltd
  • Bukit Makmur.PT - Indonesia
  • KOWEPO - South Korea
  • ING Bank NV - Singapore
  • CNBM International Corporation - China
  • Sucofindo - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Global Coal Blending Company Limited - Australia
  • Indonesia Power. PT
  • Tamil Nadu electricity Board
  • Sindya Power Generating Company Private Ltd
  • Barasentosa Lestari - Indonesia
  • Asia Cement - Taiwan
  • The State Trading Corporation of India Ltd
  • Directorate General of MIneral and Coal - Indonesia
  • San Jose City I Power Corp, Philippines
  • KPCL - India
  • PNOC Exploration Corporation - Philippines
  • CIMB Investment Bank - Malaysia
  • Kapuas Tunggal Persada - Indonesia
  • CoalTek, United States
  • Merrill Lynch Bank
  • Trasteel International SA, Italy
  • BNP Paribas - Singapore
  • Cigading International Bulk Terminal - Indonesia
  • Energy Development Corp, Philippines
  • Malabar Cements Ltd - India
  • Power Finance Corporation Ltd., India
  • Kaltim Prima Coal - Indonesia
  • GNFC Limited - India
  • Anglo American - United Kingdom
  • Idemitsu - Japan
  • Aboitiz Power Corporation - Philippines
  • McKinsey & Co - India
  • Mercator Lines Limited - India
  • TRAFIGURA, South Korea
  • Platts
  • Ernst & Young Pvt. Ltd.
  • Kobe Steel Ltd - Japan
  • Bangladesh Power Developement Board
  • Straits Asia Resources Limited - Singapore
  • Coal India Limited
  • Indo Tambangraya Megah - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Enel Italy
  • Eastern Energy - Thailand
  • Tata Chemicals Ltd - India
  • HSBC - Hong Kong
  • Price Waterhouse Coopers - Russia
  • Mitsui
  • Petrochimia International Co. Ltd.- Taiwan
  • Videocon Industries ltd - India
  • Indian School of Mines
  • Arch Coal - USA
  • Georgia Ports Authority, United States
  • Britmindo - Indonesia
  • White Energy Company Limited
  • PowerSource Philippines DevCo
  • Baramulti Group, Indonesia
  • Thiess Contractors Indonesia
  • SN Aboitiz Power Inc, Philippines
  • IBC Asia (S) Pte Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Standard Chartered Bank - UAE
  • Vitol - Bahrain
  • Shree Cement - India
  • Reliance Power - India
  • SMC Global Power, Philippines
  • Thai Mozambique Logistica
  • IOL Indonesia
  • New Zealand Coal & Carbon
  • Interocean Group of Companies - India
  • World Coal - UK
  • EIA - United States
  • Coal Orbis AG
  • Mercuria Energy - Indonesia
  • Riau Bara Harum - Indonesia
  • Ind-Barath Power Infra Limited - India
  • Cargill India Pvt Ltd
  • ACC Limited - India
  • Rashtriya Ispat Nigam Limited - India