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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 $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.
The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.
Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.
The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.
Samin indirectly controls 73 percent of the company.
“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.
The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.
Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.
Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe
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Sunday, 13 October 13
API 8 CFR SOUTH CHINA COAL - AVERAGE Q4 2013 DELIVERY FELL 0.30 PERCEPT ON WEEK
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.30 percept week on week on Friday 11 October 2013. The CFR South ...
Saturday, 12 October 13
PANAMAX: OWNERS ARE AT US$ 17-18.5K PER DAY; CHARTERERS ARE AT US$ 15.5-16K - CAPT. REDDY
COALspot.com - The futures market was heavily down on the cape size vessels and the physical average charterer rates on cape size vessels dropped by ...
Friday, 11 October 13
DRY BULK FREIGHT RATE POSITIVE MOMENTUM TO BE SUPPORTED BY HIGHER DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO released its latest short term research on the shipping markets, estimating that the elevated level of Capesize TC average rates i ...
Friday, 11 October 13
US COAL PRODUCTION FALLS 7.70% IN SEPTEMBER
COALspot.com – United States the world’s second largest coal producer produced approximately 17.70 million short tons (mmst) of coal in ...
Thursday, 10 October 13
NPC AUSTRALIA SHIPPED 2.99 MILLION TONS OF COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.04 per cent week on week to 2.99 million mt for ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Bhatia International Limited - India
- India Bulls Power Limited - India
- The University of Queensland
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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