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, 11 March 13
SUB-BIT FOB INDONESIA COAL SWAPS FELL 1.41 PERCENT W-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 1.41percent and CFR South China coal shipment  ...


Sunday, 10 March 13
INDIA - INDONESIA SUPRAMAX FREIGHT : FIRM TREND
COALspot.com – This week freight market was raised and remained firm in all segments. The BDI was up by 6.70 pct closed at 843 points,  ...


Sunday, 10 March 13
INDONESIA'S FORESTRY DEPARTMENT IS TO INCREASE BORROW-TO-USE PERMITS (IJIN PINJAM PAKAI) FEE SOON
COALspot.com : Indonesia to increase borrows-to-use permit fees by 33.33 percent. The government of Indonesia is planning to increase the state&rsqu ...


Friday, 08 March 13
EKO SANTOSO BUDIANTO APPOINTED AS PRESDIENT DIRECTOR OF BERAU COAL ENERGY
COALspot.com - PT Berau Coal Energy has appointed Eko Santoso Budianto as new president director, replacing Rosan Roeslani. Berau’s extraordin ...


Friday, 08 March 13
INDONESIAN HBA UP FOR FIVE CONSECUTIVE MONTHS
COALspot.com -  The Indonesian government has declared bench mark price for coal has moved upwards in March 2013. The monthly coal reference ...


   870 871 872 873 874   
Showing 4356 to 4360 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 ...

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