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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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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 ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- 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
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- 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
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- 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
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- 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
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- 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
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- 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
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
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