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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 $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.
The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.
Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.
The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.
Samin indirectly controls 73 percent of the company.
“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.
The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.
Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.
Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe
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Monday, 24 March 14
SGX'S Q2'14 CFR SOUTH CHINA COAL SWAP CLOSES SLIGHTLY HIGHER W-O-W
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.81 percent month on month and closed at US$ 74.82 per mt as o ...
Sunday, 23 March 14
THE COAL FREIGHT RATES SEEN SLIGHTLY FIRMING UP THIS WEEK - REDDY
COALspot.com: The freight market firmed up this week. BDI was up 8.26 pct week on week and index was closed at 1599 points. The Cape index was u ...
Saturday, 22 March 14
SHIP OWNERS INVEST $15 BILLION FOR NEWBUILDINGS AND SECONDHAND VESSELS DURING FEBRUARY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have kept on their aggressive stance in the investment scene both for newbuildings, as well as for secondhand vessels globally durin ...
Friday, 21 March 14
DRY BULK MARKET STAYS ON RECOVERY MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has reached new year heighs, as a result of renewed Capesize demand. The Baltic Dry Index (BDI) ended yesterday's sessio ...
Friday, 21 March 14
US COAL PRODUCTION UP 1.5%; WEST MISSISSIPPI COAL PRODUCTION DOWN 1.85% WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
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- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Planning Commission, India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Parliament of New Zealand
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- The University of Queensland
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
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