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

Tuesday, 19 November 13
SHIP OWNER POUR MORE MONEY INTO DRY BULK CARRIER ACQUISITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent dry bulk market's rally, coupled with an expected fall in oversupply and robust cargo demand has boosted ship owners' optimism on the l ...


Monday, 18 November 13
SUB-BIT INDONESIA COAL SWAP LOST ON WEEK; MARGINALLY GAINED ON DAY
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14  delivery gained $ 1.25 pmt month on month on Friday 15 Novemb ...


Sunday, 17 November 13
Q4' 14 API 8 CFR SOUTH CHINA COAL SWAP CLOSED $ 3.43 PMT (4.34 %) HIGHER THAN Q1' 14 SWAP
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.05 percept d-d on Friday 15 November 2013. The CFR South ...


Saturday, 16 November 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES FIRM DUE TO STRONG COAL ACTIVITIES
COALspot.com: The Cape and Panamax index was down this week and pulling down the BDI  by about 5 pct. BDI was closed at 1507 points on Friday 1 ...


Friday, 15 November 13
DRY BULK MARKET STILL LINGERING ON, DESPITE PREDICTIONS OF NEW IMMINENT RALLY PRIOR TO THE YEAR'S END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet managed to stage a new comeback after its retreat from the recent multiyear highs. Yesterday, the industry's benchm ...


   800 801 802 803 804   
Showing 4006 to 4010 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 ...

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