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, 29 October 13
NEWCASTLE PORT SHIPPED 12.29 PER CENT MORE COAL W-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.29 per cent week on week to 3.61 million mt for ...


Monday, 28 October 13
API 8 CFR SOUTH CHINA COAL FOR Q3'14 DELIVERY LOST ON D-D,W-W & M-M
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.22 percept M-M on Friday 25 October 2013. The CFR South China Co ...


Monday, 28 October 13
COAL SWAP FOR Q3' 2014 DELIVERY LOST ON D-D, W-W AND M-M
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery gained 0.46 percept  month on month on Friday 25 October 2 ...


Saturday, 26 October 13
PANAMAX CHARTER RATES FROM INDONESIA TO INDIA STAY FIRM - SOLYM
COALspot.com: The freight market showed tendency of softness with Cape and Panamax futures and physical soft. The BDI was down by 12 pct week end ...


Saturday, 26 October 13
DRY BULK MARKET KEEPS ON RETREATING, BUT NEW BUILDING ORDERS KEEP ON PILING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market kept on retreating this week, with the industry's benchmark, the Baltic Dry Index (BDI) falling to 1,708 points, down 78 on the ...


   807 808 809 810 811   
Showing 4041 to 4045 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 ...

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