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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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Sunday, 01 July 12
DSP OF SGX ASIACLEAR OTC COAL SWAP'S THIS WEEKS MOVEMENTS SLIGHTLY POSITIVE
COALspot.com - SGX AsiaClear OTC Coal Swaps have recovered slightly this week and Q4 deliveries are also showing positive direction.
SGX’s ...
Saturday, 30 June 12
THE FREIGHT RATES ARE EXPECTED TO BE STEADY TO FIRM NEXT WEEK - VISTAAR SINGAPORE
COALspot.com – The BDI was up by 2.66 pct (up by 26 points) closing at 1,004 points crossing the 1000 point barrier this week.
The c ...
Friday, 29 June 12
INDONESIAN PRODUCERS ARE PLANNING TO CUT PRODUCTION IF COAL PRICES FALL FURTHER
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 31.54* million tons of coal in May 2012, compared to 31.86* mill ...
Friday, 29 June 12
DRY BULK SHIP OWNERS DOING THEIR MATHS BEFORE PLACING NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With oversupply having plagued the dry bulk shipping fleet since the end of 2011, it’s become ever so evident that placing a newbuilding order ...
Thursday, 28 June 12
DRY BULK MARKET HIGHER ON CAPESIZE OPTIMISM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched a bit higher yesterday, as the BDI (Baltic Dry Index) ended up by 0.71% to 988 points. Most ship types were up, with the ...
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- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- SMC Global Power, Philippines
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Australian Coal Association
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
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