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

Monday, 15 April 13
SUB - BIT INDONESIA COAL SWAP SHOWS POSITIVE TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.70 percent and CFR South China coal shipment&nbs ...


Saturday, 13 April 13
THE FREIGHT MARKETS EXPECTED TO HOLD FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - This freight market firmed up this week and all sectors were up except for Supramax index. The BDI was up by 1.62 pct closing at 8 ...


Friday, 12 April 13
DRY BULK SHIP OWNERS DEVELOPED NEWFOUND APPETITE FOR BULKERS DURING FIRST QUARTER OF 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's official; more and more ship owners operating in the dry bulk market appear to have developed a newfound optimism in the market's prospects. ...


Thursday, 11 April 13
HANDY: INDO - INDIA NOW BEEN REPORTED AT APS BASIS AT USD 10K+BB 85K - FEARNLEYS
Handy The Atlantic markets remain with not many cargoes seen this week. The USG-Feast was at USD 18k and Black Sea-Feast was at USD 12k. The Pacifi ...


Thursday, 11 April 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 15.96 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,545,914 tons of thermal and coking coal for week ended  0700 hours 8 April 2013, Newcas ...


   862 863 864 865 866   
Showing 4316 to 4320 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 ...

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