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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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Thursday, 13 December 12
HANDY : WCI-CHINA RATES AROUND $ 6000 AND ECI-CHINA AROUND $ 4000 - FEARNLEYS
Handy
Atlantic market remained unchanged. Rates from USG to Feast were around USD 18k and Black Sea to Feast about USD 10k. USG-Skaw-Passero rates ...
Wednesday, 12 December 12
69.23 PERCENT OF END-USERS ARE BELIEVE, COAL PRICES ARE IN UPWARD TREND
COALspot.com - The Indonesian government’s declared coal reference price for December’ 12 has gained US cents 31 per MT M-o- ...
Wednesday, 12 December 12
CAPESIZE FREIGHT RATES TO RANGE BETWEEN $9,000 - 16,000/DAY IN THE COMING WEEKS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted yesterday, that Capesize time-charter rates are expected to stay elevated in the foll ...
Tuesday, 11 December 12
NEWCASTLE PORT IN AUSTRALIA HAS LOADED 2,720,205 MT OF COAL W/E 10 DECEMBER 2012
COALspot.com - Newcastle port in Australia has loaded 2,720,205 MT of thermal and coking coal for week ended 0700 hours 10 December 2012, Newc ...
Sunday, 09 December 12
COAL SWAPS HAVE LOST DIRECTION DUE TO LACK OF ASIAN INTEREST
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery gained 2.43 percent M-M but lost WoW by 0.54 percent and 0.62 ...
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- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
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