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

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 ...


   829 830 831 832 833   
Showing 4151 to 4155 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 ...

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