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, 23 April 13
INDONESIAN STATE OWNED COAL MINER SHIPPED 4 PERCENT MORE COAL IN 1Q
COALspot.com - PT. Bukit Asam, the Indonesian state owned coal miner shipped more coal in first quarter of this year compared to the same period in ...


Tuesday, 23 April 13
REALM CONTINUES AS 51% OWNER AND MANAGER OF THE KATINGAN RIA THERMAL COAL PROJECT
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced today that, the commercial way forward for the development of its 51% held Indonesian t ...


Tuesday, 23 April 13
TIGERS REALM COAL HAS SOME OF THE WORLD'S BEST UNDEVELOPED COKING COAL ASSETS - EXECUTIVE CHAIRMAN
COALspot.com - “ During 2012, your Company has made very significant progress towards meeting its stated objective of becoming a global player ...


Tuesday, 23 April 13
AUSTRALIA'S NEWCASTLE PORT COAL SHIPMENTS DROPPED BY 4.38 PERCENT W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,434,336 tons of thermal and coking coal for week ended  0700 hours 22 April 2013, Newca ...


Sunday, 21 April 13
INDONESIA - INDIA COAL FREIGHT RATES ARE FIRMING UP - CAPT. REDDY
COALspot.com – The BDI was up by 1.40 pct closed at 888 points week ended 19 April 2013. The Cape index was down by 2.45 pct closing at 1234 p ...


   860 861 862 863 864   
Showing 4306 to 4310 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 ...

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