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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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Monday, 23 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 3 PERCENT LESS COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 3 per cent week on week to 2.92 million mt for t ...
Sunday, 22 September 13
BDI STRENGTHENS FURTHER AS CAPESIZE FREIGHT RATES JUMP - CAPT. REDDY
COALspot.com: The freight market continued its upward trend and maintaining the moment with BDI and Cape index up by 16 pct week on week. The Capesi ...
Sunday, 22 September 13
API 8 CFR SOUTH CHINA COAL SWAPS ADVANCE
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap.
API 8 CFR South China Coal s ...
Sunday, 22 September 13
SUB-BIT INDONESIA COAL SWAPS REMAIN UNDER PRESSURE
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery down 2.09 percept month on month on Friday 20 September 2 ...
Friday, 20 September 13
SHIP OWNERS INVEST MORE THAN $9.2 BILLION ON NEW BUILDING VESSELS DURING AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the fact that August is traditionally a slow month in terms of ships investment activity, ship owners have grasped this year the opportunity ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
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