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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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Tuesday, 27 August 13
AUSTRALIA NEWCASTLE COAL EXPORTS JUMPED 15.59 PERCENT ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 15.59 per cent week on week to 2.76 million mt for ...
Monday, 26 August 13
CARRIAGE OF COAL CARGOES FROM KALIMANTAN, INDONESIA - WEST OF ENGLAND P&I CLUB
The Club has recently been advised by consulting scientists and engineers Dr J H Burgoyne and Partners (International) Limited that the number of in ...
Sunday, 25 August 13
API 8 CFR SOUTH CHINA COAL: HEADING TO NORTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery US$ 2.39 up month on month. The swap was moved positive ...
Sunday, 25 August 13
THE FREIGHT MARKET S7 & S8 SECTOR IS EXPECTED TO BE STEADY/FIRM NEXT WEEK - VISTAAR
COALspot.com - The freight market continued to be firm with all indices moved positive except for Panamax which was slightly down (2 pct down).
T ...
Friday, 23 August 13
US PRODUCED MORE COAL WEEK ON WEEK - EIA
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 20.80 million short tons (mmst) of ...
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- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Planning Commission, India
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Edison Trading Spa - Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
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