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Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
.jpg) 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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Friday, 01 November 13
DRY BULK MARKET IN FIRST POSITIVE SIGN IN DAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Owners of dry bulk carriers are well aware of the rollercoaster ride that has been the market for their vessels over the past few years. This trend ...
Thursday, 31 October 13
HANDY: ACTIVE; PANAMAX: QUIET; CAPESIZE: NO LIGHT
Handy
The handy market had an active week however not directly translated into the rates we´ve seen in the Pacific. We see more coal and baux ...
Wednesday, 30 October 13
INDONESIAN STATE OWNED COAL MINER HAS EXPORTED 7.02 MILLION TONS OF COAL IN 9 MONTHS
COALspot.com : PT. Bukit Asam, Indonesian state owned coal miner has sold 13.24 million tons of coal for the period January - September 2013. Accord ...
Wednesday, 30 October 13
DRY BULK MARKET HAS LOST FURTHER GROUND THIS PAST WEEK - INTERMODAL
Chartering (Wet: Firm+ / Dry: Stable-)
The Dry Bulk market has lost further ground this past week, as de-creased activity in both basins for both C ...
Wednesday, 30 October 13
CAPESIZE: DOWNWARD; SUPRAS AND HANDIES: STABLE - INTERMODAL
The Dry Bulk market has resumed its downward movement, noting another dip for a third week in a row. The larger size segments were responsible for p ...
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Showing 4036 to 4040 news of total 6871 |
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- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
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