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

Thursday, 09 May 13
KILLARA AUSTRALIA ACQUIRES 80% INTEREST IN BORNEO EMAS HITAM
COALspot.com - Killara Resources has announced that, the company has signed a binding MoU to acquire an 80% equity interest in PT. Borneo Emas Hitam ...


Thursday, 09 May 13
THE WORLD LARGEST POWER PLANT COAL EXPORTER SHIPPED 36 MILLION TONS OF COAL IN MARCH
COALspot.com:  Indonesia, the world largest multi grade coal exporter has shipped  36.165*  million tons of coal in March 2013. Ac ...


Thursday, 09 May 13
DRY BULK SHIP OWNERS KEEP BUILDING NEW VESSELS ON THE BACK OF LOWER PRICES AND IMPROVED MARKET PROSPECTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite the doom and gloom that the dry bulk market has experienced during the past couple of years and especially during 2012, ship owners have inc ...


Thursday, 09 May 13
HANDY : RBCT ROUNDS FIXED AT USD 8000 DOP ECI - FEARNRESEARCH
Handy The atlantic market started to pick up with new orders. The USG-Feast was at USD 20k and Black sea-feast was at USD 12k. The pacific mkt rema ...


Wednesday, 08 May 13
PANAMAX VESSELS PROVE TO BE "STARS OF THE MONTH" FOR THE DRY BULK MARKET DURING APRIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
They have taken a beating on various occasions during the past few years of the dry bulk market's crisis, but the fact remains, that despite the he ...


   856 857 858 859 860   
Showing 4286 to 4290 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 ...

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