We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Tuesday, 21 January 14
PORT OF NEWCASTLE SHIPPED SLIGHTLY MORE COAL WEEK ON WEEK
COALspot.com: In the week ended 20 January 14, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2. ...
Monday, 20 January 14
SUB-BIT INDONESIA COAL SWAP SEEN LOWER IN 2ND HALF OF 2014
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost $ 0.78 pmt month on month on Friday 17 January 2014. T ...
Monday, 20 January 14
THE CFR SOUTH CHINA COAL MARKET APPEARS TO HAVE LOST DIRECTION
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 4.25 percept month on month and closed at US$ 79.48 per mt as ...
Sunday, 19 January 14
FREIGHT MARKETS SEE CONTINUED WEAK PERFORMANCE
COALspot.com: The market has continued to soften particularly in the far East/SE Asia sector.
The BDI was down 6 pct week on week, the index was ...
Friday, 17 January 14
US COAL PRODUCTION DOWN WEEK ON WEEK: EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.3 million short tons (mmst) of co ...
|
|
|
Showing 3896 to 3900 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
|
| |
| |
|