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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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Sunday, 28 April 13
PANAMAX FREIGHT COULD BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - This BDI closed slightly lower at 871 points (down by 1.91 pct) mainly due to drop in the Panamax index by almost 10 pct.
Th ...
Saturday, 27 April 13
HANDY : SLIDING ; PANAMAX : POSITIVE ; CAPESIZE : STILL ON ITS KNEES - FEARNRESEARCH
Handy
The Atlantic markets started sliding with no fresh cargoes seen in the market. The USG-Feast was at USD 18k and Black sea-Feast was at USD 11 ...
Saturday, 27 April 13
2ND CHINA INTERNATIONAL SHALE GAS SUMMIT
Press Release - 2nd China International Shale Gas Summit, 10-13 September 2013 | Chengdu, China
*The largest annual event for the shale gas indus ...
Friday, 26 April 13
LIMA SUMMIT IN JULY TO HIGHLIGHT LATIN AMERICAN MINING POTENTIAL
COALspot.com - Latin American mining industry officials and their private sector counterparts will be gathering in Lima, Peru on July 1-2 for the La ...
Wednesday, 24 April 13
FUTURE US POWER MARKET SHARES OF COAL, NATURAL GAS GENERATORS DEPEND ON RELATIVE FUEL PRICES - EIA
COALspot.com - In recent years, in US, natural gas competed more effectively with coal as a fuel for electricity generation as the cost of operating ...
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- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- The University of Queensland
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
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