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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, 20 November 13
PANAMAX MARKET RESUMED ITS NEGATIVE MOVEMENT FOR A SECOND WEEK IN A ROW - INTERMODAL
COALspot.com: The recovery noted the week prior in the dry Bulk market proved to be short-lived, as the BDI slipped back down to the low 1,500 point ...
Wednesday, 20 November 13
TAIPOWER TO IMPORT 0.825 MMT OF 5000 GAR COAL FOR Q2' 14
COALspot.com: Taiwan Power Company intends to procure 825,000 metric tons of general sub-bituminous coal with calorific value not lesser than 5,000 ...
Wednesday, 20 November 13
CAPES AND PANAMAXES SOFTENING; SMALLER SIZE SEGMENTS FIRMING FURTHER - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable- )
The BDI has closed off the week on the red, with rates for Capes and Panamaxes softening and those fo ...
Tuesday, 19 November 13
INDONESIAN GOVERNMENT'S DECLARED COAL PRICE REFERENCE UP 1.98% IN NOVEMBER
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has increased government declared coal bench mark price by US$ 1.52 / MT ...
Tuesday, 19 November 13
WEEKLY COAL EXPORTS FROM NEWCASTLE PORT INCREASED BY 20.59%
COALspot.com: In the week ended November 18, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, totaled 2.92& ...
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- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Planning Commission, India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
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