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, 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 ...


   791 792 793 794 795   
Showing 3961 to 3965 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 ...

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