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

Saturday, 07 December 13
A RARE TIME IN RECENT SHIPPING MARKET HISTORY: BOTH DRY BULK AND VLCC TANKER EARNINGS ARE ON THE RISE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Around this time of year, back in 2008, i.e. five years ago, the shipping markets were plagued with the aftermath of the global financial crisis tha ...


Friday, 06 December 13
INDONESIAN PARLIAMENT REJECTED A GOVERNMENT PROPOSAL TO EASE THE BAN ON EXPORTING UNPROCESSED ORE
COALspot.com: Indonesian House of Representatives rejected a proposal from Energy and Mineral Resources Minister Jero Wacik on to ease the ban on ex ...


Friday, 06 December 13
THE MINISTRY OF ENERGY & MINERAL RESOURCES OF INDONESIA FIXED DEC'13 HBA AT US$ 80.31
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 2.18 / MT ...


Friday, 06 December 13
US PRODUCED APPROXIMATELY 82.8 MILLION SHORT TONS OF COAL IN NOVEMBER 2013
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.00 million short tons (mmst) of coal in ...


Friday, 06 December 13
PANAMAXES HAVE BEEN THE ' WEAPON OF CHOICE' BY MOST DRY BULK SHIP OWNERS DURING 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Low ship prices, the direct consequence of subdued freight rates for the larger part of 2013 have been the main driving force behind this year's ag ...


   793 794 795 796 797   
Showing 3971 to 3975 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 ...

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