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
.jpg) 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.
|
|
Thursday, 13 September 12
PANAMAX: THE NEGATIVE TREND, POOR SENTIMENT CONTINUES - FEARNLEYS AS
Handy
Lack of cargoes and a growing list of available ships is causing rates to slip for all Atlantic trades.
The only trade keeping somewhat s ...
Thursday, 13 September 12
FUEL EFFICIENT SHIPS MAY BE MORE EXPENSIVE, BUT THEY MAKE FINANCIAL SENSE SAYS ANALYSIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The latest trend in shipbuilding is the so called "Eco" ship, i.e. ships which offer much better fuel consumption and are more cost-effect ...
Wednesday, 12 September 12
INDIAS COALGATE: TIME FOR A ROOT CANAL
A recent report from India’s Comptroller and Auditor General (CAG) pertaining to the allocation of coal blocks has created a political storm i ...
Tuesday, 11 September 12
CLOUDY AND POLICY RISK INDONESIAN COAL INDUSTRY
COALspot.com - Bahana Securities in its latest coal outlook, commented on the Indonesian coal market, with economic slowdown in the four largest coa ...
Tuesday, 11 September 12
SHIP OWNERS KEEN ON SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most ship owners back from their summer rest, things are starting to pick up again in the second hand vessel market, with more and more deals b ...
|
|
|
Showing 4576 to 4580 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Central Electricity Authority - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Planning Commission, India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- ASAPP Information Group - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
|
| |
| |
|
