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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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Wednesday, 11 December 13
THE INDONESIAN GOVERNMENT IS CONSIDERING SETTING A REGULATION ON THE MINIMUM PURITY TO REGULATE UNPROCESSED ORE BAN
COALspot.com: Energy and Mineral Resources Minister Jero Wacik recently proposed to house those mining (mineral) companies that had shown a commitme ...
Wednesday, 11 December 13
BDI REACHED A PEAK OF YEAR RECORD OF 2,237 POINTS WHICH IS A SIGNIFICANT CHANGE IN MARKET CONDITIONS
Getting closer to the end of 2013, it is important that we have a review of the course the market has taken these past 12 months by looking at the B ...
Tuesday, 10 December 13
HNL, AN INDIAN STATE-OWNED NEWSPRINT PAPER MAKER SEEKS 50K TONS OF INDONESIAN 5600 COAL
COALspot.com: Hindustan Newsprint limited (HNL), an Indian state owned news print paper producer invited bids to supply 50,000MT of min 5,200kcal/kg ...
Tuesday, 10 December 13
COLOMBIAN THERMAL COAL EXPORTS SLIPPED 25.54% M-M IN OCTOBER'13
COALspot.com: Colombia's Thermal coal exports in October dropped 25.54% month on month to 5,990,815.13 million mt, according to data from mining de ...
Tuesday, 10 December 13
NEWCASTLE COAL EXPORTS PLUNGE W-O-W
COALspot.com: In the week ended December 9, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totalled 2.50 ...
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- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Australian Coal Association
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
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