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, 08 January 14
SHIPPING: THE ABSOLUTE BOTTOM OF THE CYCLE WAS REACHED AND PASSED - GEORGE LAZARIDIS
COALspot.com: To many in the industry 2013 has been the turning point in the market where the absolute bottom of the cycle was reached and passed. ...


Tuesday, 07 January 14
INDONESIA RAISES COAL PRICE THIS MONTH
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.59 / MT ...


Tuesday, 07 January 14
NEWCASTLE COAL TERMINAL'S COAL EXPORTS SLIDE TO 3.54 MMT W/E 30 DECEMBER 13
COALspot.com: In the week ended December 30, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 3.54 ...


Tuesday, 07 January 14
US COAL OUTPUT SLIDES 9 PCT WEEK ON WEEK, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 17.8 million short tons (mmst) of coal in ...


Monday, 06 January 14
ARGUS LAUNCHES SPOT CFR EAST COAST INDIA COAL ASSESSMENTS
COALspot.com: Global energy and commodity news and price reporting agency Argus has announced today that, the company has launched CFR coal assessme ...


   783 784 785 786 787   
Showing 3921 to 3925 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 ...

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