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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, 18 December 12
NEWCASTLE PORT IN AUSTRALIA SHIPPED 20.19 PERCENT MORE COAL W/E 17 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 3,269,640 MT of thermal and coking coal for week ended 0700 hours 17 December 2012, Newc ...
Monday, 17 December 12
SHIP PRICES TO BOTTOM OUT IN 2013 SAYS GEORGE D. GOURDOMICHALIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Ship values especially in older tonnage, or even modern vessels with poor quality are expected to fall further during 2013, with the market as a who ...
Monday, 17 December 12
SYNERGISING WITH PIONEERS TO DEVELOP TOMORROW'S LATIN AMERICAN RAILWAYS
Press Release: Brazil being one of the largest country in South America has one of the most dynamic rail markets in the world. Rail transport in Bra ...
Sunday, 16 December 12
FREIGHT TREND SOFTENED THIS WEEK - VISTAAR
COALspot.com - The freight market further softened this week and closed at 784 points (down by 18.84 pct). The cape index had the biggest fall ...
Friday, 14 December 12
GMR GROUP OF INDIA TO IMPORT 100K MT OF 4800 GAR COAL
COALspot.com: GMR Group of India to invite bids for 100,000 Metric Tons of imported non coking coal to be delivered during January and February 2013 ...
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- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- PTC India Limited - India
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
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