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

Sunday, 09 June 13
IRON ORE DEMAND: WEAK; COAL MOVEMENT: STEADY TO INDIA AND CHINA - CAPT. REDDY
COALspot.com - The freight market was fairly steady with BDI up by 0.37 per cent closed at 812 points this week. The Cape index was also ended in ...


Friday, 07 June 13
MEDITERRANEAN COAL MARKETS
Press Release: 3rd International Conference Mediterranean Coal Markets will be held on 16-17th of September 2013, Istanbul, Turkey, Ceylan Intercont ...


Friday, 07 June 13
US'S COAL PRODUCTION INCREASED BY 0.54 PER CENT THE WEEK ENDED JUNE 1
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.60 million short tons (mmst) of ...


Thursday, 06 June 13
WE ARE SEEING SOME FRESH INDO COAL TO CHINA AND INDIA - FEARNRESEARCH
Handy In the Atlantic, the Gulf remains firm for the next week with a few orders in the market. The Supramaxes are seeing around low 20k for fronth ...


Wednesday, 05 June 13
DON'T AVOID PAYING COAL ROYALTY TO THE GOVERNMENT - INDONESIAN ENERGY MINISTER
COALspot.com – “Every country has the right to make policies to protect their national interests”, Energy and Mineral Resources Mi ...


   850 851 852 853 854   
Showing 4256 to 4260 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 ...

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