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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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Saturday, 28 July 12
CAL 2013 COAL SWAPS ARE HIGHER COMPARED TO SEPT 2012 PRICES
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 0.47 percent on Friday (27 July 2012) closing DoD but lost 0.90 ...
Friday, 27 July 12
PACIFIC MARKET REMAINED FLAT - FEARNLEYS AS
Handy
The Atlantic market continued its downward trend from last week with what appears to be a summer lull across the board. A trip from the USG t ...
Wednesday, 25 July 12
BUKIT ASAMS H1 REVENUE JUMPED BY 13 PERCENT
COALspot.com - PT Bukit Asam (Persero), Tbk., the state owned coal miner's revenue in H1 2012, has jumped 13 percent to IDR 5.79 trillion (approxim ...
Wednesday, 25 July 12
BUMI RESOURCES MINERALS SECURED PINJAM PAKAI FOR ITS ZINC AND LEAD PROJECT
COALspot.com - PT Bumi Resources Minerals Tbk. ("BRMS" or "the Company") today reported that its 80% owned subsidiary, PT Dairi ...
Tuesday, 24 July 12
SHIP OWNERS WAITING FOR SHIP PRICES TO FALL FURTHER BEFORE MOVING IN MORE AGGRESSIVELY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the summer season already well under way and many ship owners getting ready for the autumn, the sale & purchasing activity of second hand v ...
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- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
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