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

Wednesday, 11 September 13
ASIA - PACIFIC THERMAL COAL MARKET TO REMAIN OVERSUPPLIED IN NEXT 12 MONTHS - FITCH RATINGS
COALspot.com: Fitch Ratings says the Asia-Pacific thermal coal market will remain oversupplied in the next 12 months because strong production has b ...


Tuesday, 10 September 13
COAL EXPORTS AT AUSTRALIA'S NEWCASTLE PORT SLIP 30.31% ON WEEK TO 2.36 MMT
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port down 30.31 per cent week on week to 2.36 million mt f ...


Tuesday, 10 September 13
WORLDWIDE COAL CONSUMPTION RISES SHARPLY - RA DR. ERICH SCHMITZ
By: RA Dr. Erich Schmitz, Verein der Kohlenimporteure (Germany Coal Importers Association) World hard coal market in the first half of 2013: worl ...


Monday, 09 September 13
REBOUND IN NEWBUILDING ORDERS HASN'T HURT DRY BULK MARKET PROSPECTS, BUT SHIP OWNERS SHOULD STILL BE CAUTIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Since the start of 2013 and up until the end of August, one thing has really caught the headlines in the dry bulk market, except of course, the frei ...


Sunday, 08 September 13
Q3 2014 THERMAL COAL SWAPS : STEADY DIRECTION
COALspot.com –  Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery up 1.88 percent  month on month. The swap was moved ...


   825 826 827 828 829   
Showing 4131 to 4135 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 ...

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