We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
Tuesday, 26 March 13
NEWCASTLE PORT SHIPPED 2.39 MMT OF COAL W/E 25 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2.396 million tons of thermal and coking coal for week ended 0700 hours 25 March 2013, N ...
Monday, 25 March 13
BUNKER FUELS ARE ABOUT TO GET CLEANER, BUT AT WHAT COST? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The cost of bunkers is nowadays the driving force behind most ship owners' major decisions, with regulations bound to change in many parts of the w ...
Sunday, 24 March 13
THE SUB-BIT INDONESIA'S COAL SWAPS FOR Q2 DELIVERY PRICE LOST 7.47 PERCENT PMT M-O-M
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 3.39 percent and CFR South China coal shipment 2.65 ...
Sunday, 24 March 13
FREIGHT MARKETS CONTINUED TO FIRM - VISTAAR
COALspot.com - This freight market continued to remain firm in all segments except for cape index which softened slightly.
The BDI was up by 4.60 ...
Sunday, 24 March 13
DRY BULK MARKET PROSPECTS OFFER ROOM FOR RESTRAINED OPTIMISM SAYS SHIP OWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its announcement regarding its annual performance, ship owner Frontline offered some useful insight on the future prospects of both the dry bulk ...
|
|
|
Showing 4336 to 4340 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- London Commodity Brokers - England
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Australian Coal Association
- White Energy Company Limited
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
|
| |
| |
|