We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Friday, 20 September 13
DRY BULK MARKET REACHES NEW HEIGHTS THIS WEEK STANDING AT THREE-YEAR HIGH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The biggest rally of the dry bulk market in more than three years have brought back joy among ship owners, especially those active in the Capesize m ...
Friday, 20 September 13
US COAL PRODUCTION SLIGHTLY UP WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer produced totalled approximately 20.30 million short tons (mmst) of ...
Friday, 20 September 13
COLOMBIA SHIPPED 31.14 MILLION TONS OF THERMAL COAL IN H1
COALspot.com : Colombia’s coal exports fell by 20.59 percent in June 2013 compared to Colombia’s May's export of 7,633,579 MT.
Colom ...
Thursday, 19 September 13
CAPESIZE : AVERAGE DAILY EARNINGS HAVE GAINED ALMOST USD 6K WOW - FEARNLEYS
Handy
The rates in Feast are still firm this week even the activity calmed down a bit as chrtrs are not in a rush to cover even their end Sept carg ...
Wednesday, 18 September 13
IRON ORE AND ZINC ARE BEST PERFORMING MINING SECTORS IN CURRENT LOW PRICE, HIGH COST ENVIRONMENT - WOOD MACKENZIE
With the fall in commodity prices, cash margins in the mining industry have come under pressure. Accordingly, producers and investors are placing in ...
|
|
|
Showing 4111 to 4115 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indogreen Group - Indonesia
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
|
| |
| |
|