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

Saturday, 27 July 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN STEADY - CAPT.REDDY
COALspot.com : The freight market seemed to soften this week with BDI , Cape and Panamax indices dropped average 5 percent on week. The BDI was d ...


Thursday, 25 July 13
CAPESIZE : PACIFIC AND ATLANTIC RATES ARE HOLDING STEADY - FEARNLEYS AS
Handy The Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapor ...


Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this r ...


Tuesday, 23 July 13
NEWCASTLE'S COAL EXPORTS CLIMB 17.82% ON WEEK, PORT'S DATA SHOWS
COALspot.com: Newcastle port in Australia has loaded 3,369,865 tons of coal for the week ended  0700 hours 22 July 2013, Newcastle Port Corp. s ...


Monday, 22 July 13
DRY BULK MARKET DIFFICULT TO MAINTAIN POSITIVE DRIVE CLAIMS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus brin ...


   838 839 840 841 842   
Showing 4196 to 4200 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 ...

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