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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, 06 November 12
NOVEMBER 2012 HBA $35.21 LOWER THAN A YEAR AGO
COALspot.com - The Indonesian government’s declared coal reference price for November’ 12 has lost US$ 4.60 per MT M-o-M.
...
Sunday, 04 November 12
SUB-BIT INDONESIA COAL SWAPS FOR DECEMBER' 12 DELIVERY FALLS TO $ 59.78
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery fell -1.02 percent on WoW but gained 0.08 percent on D-D on Friday, 2 ...
Saturday, 03 November 12
THE SUPRAMAX FREIGHT EXPECTED TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - This week the market remained soft with all the sectors soft.
The BDI and was down by 6 pct closing at 986 points. The cape index ...
Saturday, 03 November 12
DEMOLITION IS THE KEY FOR DRY BULK SHIPPING'S RECOVERY SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the number of new building deliveries so far in 2012 already having surpassed the total of 2011, it's more than clear that the dry bulk sector ...
Thursday, 01 November 12
INDONESIA HAS REVISED DOWN ITS 2012 DOMESTIC MARKET OBLIGATION REQUIREMENT FOR COAL
COALspot.com - Minister of Energy and Mineral Resources of Indonesia has revised down its 2012 domestic market obligation requirement due to lower d ...
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Showing 4516 to 4520 news of total 6871 |
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- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
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