COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...


Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...


Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size  sector, where as the Cape and Panamax inde ...


Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...


Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...


   935 936 937 938 939   
Showing 4681 to 4685 news of total 6871
News by Category
Popular News
 
Total Members : 28,623
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • UBS Singapore
  • Banpu Public Company Limited - Thailand
  • Medco Energi Mining Internasional
  • KEPCO - South Korea
  • Larsen & Toubro Limited - India
  • Kumho Petrochemical, South Korea
  • Shenhua Group - China
  • Borneo Indobara - Indonesia
  • European Bulk Services B.V. - Netherlands
  • CNBM International Corporation - China
  • Coeclerici Indonesia
  • Ernst & Young Pvt. Ltd.
  • Leighton Contractors Pty Ltd - Australia
  • GN Power Mariveles Coal Plant, Philippines
  • Vijayanagar Sugar Pvt Ltd - India
  • The State Trading Corporation of India Ltd
  • Therma Luzon, Inc, Philippines
  • Indorama - Singapore
  • Mitsui
  • IOL Indonesia
  • Sical Logistics Limited - India
  • SRK Consulting
  • Rashtriya Ispat Nigam Limited - India
  • Gupta Coal India Ltd
  • Kalimantan Lumbung Energi - Indonesia
  • Makarim & Taira - Indonesia
  • Deloitte Consulting - India
  • Metalloyd Limited - United Kingdom
  • Maheswari Brothers Coal Limited - India
  • Global Business Power Corporation, Philippines
  • San Jose City I Power Corp, Philippines
  • Adani Power Ltd - India
  • Jaiprakash Power Ventures ltd
  • Salva Resources Pvt Ltd - India
  • globalCOAL - UK
  • OPG Power Generation Pvt Ltd - India
  • bp singapore
  • Mitsubishi Corporation
  • Thomson Reuters GRC
  • Bukit Asam (Persero) Tbk - Indonesia
  • World Bank
  • Cement Manufacturers Association - India
  • Cemex - Philippines
  • Vitol - Bahrain
  • ACC Limited - India
  • Central Electricity Authority - India
  • Asian Development Bank
  • Barasentosa Lestari - Indonesia
  • Malabar Cements Ltd - India
  • Siam City Cement PLC, Thailand
  • IBC Asia (S) Pte Ltd
  • Maybank - Singapore
  • Siam City Cement - Thailand
  • Thai Mozambique Logistica
  • Mintek Dendrill Indonesia
  • Bukit Baiduri Energy - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Thiess Contractors Indonesia
  • Formosa Plastics Group - Taiwan
  • Bhoruka Overseas - Indonesia
  • VISA Power Limited - India
  • White Energy Company Limited
  • Economic Council, Georgia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • CoalTek, United States
  • Maharashtra Electricity Regulatory Commission - India
  • Kepco SPC Power Corporation, Philippines
  • SUEK AG - Indonesia
  • Core Mineral Indonesia
  • CCIC - Indonesia
  • HSBC - Hong Kong
  • Semirara Mining and Power Corporation, Philippines
  • Tata Chemicals Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Billiton Holdings Pty Ltd - Australia
  • Aditya Birla Group - India
  • Gresik Semen - Indonesia
  • Barclays Capital - USA
  • Asmin Koalindo Tuhup - Indonesia
  • Independent Power Producers Association of India
  • McKinsey & Co - India
  • Xindia Steels Limited - India
  • Tata Power - India
  • Asia Cement - Taiwan
  • Bhushan Steel Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • Romanian Commodities Exchange
  • Anglo American - United Kingdom
  • SGS (Thailand) Limited
  • Glencore India Pvt. Ltd
  • Bank of America
  • Manunggal Multi Energi - Indonesia
  • Kobe Steel Ltd - Japan
  • GNFC Limited - India
  • Russian Coal LLC
  • WorleyParsons
  • Meralco Power Generation, Philippines
  • Parry Sugars Refinery, India
  • JPower - Japan
  • Indogreen Group - Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Global Green Power PLC Corporation, Philippines
  • EMO - The Netherlands
  • Idemitsu - Japan
  • Eastern Energy - Thailand
  • Britmindo - Indonesia
  • Thriveni
  • Trasteel International SA, Italy
  • Minerals Council of Australia
  • Iligan Light & Power Inc, Philippines
  • OCBC - Singapore
  • Power Finance Corporation Ltd., India
  • Bangkok Bank PCL
  • Grasim Industreis Ltd - India
  • Parliament of New Zealand
  • Ind-Barath Power Infra Limited - India
  • ASAPP Information Group - India
  • Agrawal Coal Company - India
  • MEC Coal - Indonesia
  • Renaissance Capital - South Africa
  • Karbindo Abesyapradhi - Indoneisa
  • Krishnapatnam Port Company Ltd. - India
  • Marubeni Corporation - India
  • GAC Shipping (India) Pvt Ltd
  • Sojitz Corporation - Japan
  • TeaM Sual Corporation - Philippines
  • Sucofindo - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Directorate General of MIneral and Coal - Indonesia
  • Planning Commission, India
  • Coal and Oil Company - UAE
  • EIA - United States
  • Freeport Indonesia
  • Kideco Jaya Agung - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Indian Energy Exchange, India
  • Posco Energy - South Korea
  • Indonesian Coal Mining Association
  • Credit Suisse - India
  • Orica Australia Pty. Ltd.
  • ETA - Dubai
  • Pendopo Energi Batubara - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Directorate Of Revenue Intelligence - India
  • TRAFIGURA, South Korea
  • New Zealand Coal & Carbon
  • Riau Bara Harum - Indonesia
  • Cebu Energy, Philippines
  • LBH Netherlands Bv - Netherlands
  • Oldendorff Carriers - Singapore
  • Vizag Seaport Private Limited - India
  • Vale Mozambique
  • Australian Coal Association
  • Indonesia Power. PT
  • Essar Steel Hazira Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Inco-Indonesia
  • Qatrana Cement - Jordan
  • Petron Corporation, Philippines
  • Jatenergy - Australia
  • Star Paper Mills Limited - India
  • Bangladesh Power Developement Board
  • Kobexindo Tractors - Indoneisa
  • Indo Tambangraya Megah - Indonesia
  • Toyota Tsusho Corporation, Japan
  • KOWEPO - South Korea
  • Latin American Coal - Colombia
  • Pinang Coal Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Thailand Anthracite
  • Ministry of Transport, Egypt
  • Vedanta Resources Plc - India
  • Globalindo Alam Lestari - Indonesia
  • Port Waratah Coal Services - Australia
  • Commonwealth Bank - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • Merrill Lynch Commodities Europe
  • Bulk Trading Sa - Switzerland
  • Sarangani Energy Corporation, Philippines
  • Indian Oil Corporation Limited
  • Heidelberg Cement - Germany
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Panama Canal Authority
  • South Luzon Thermal Energy Corporation
  • Videocon Industries ltd - India
  • Adaro Indonesia
  • Argus Media - Singapore
  • Orica Mining Services - Indonesia
  • Tamil Nadu electricity Board
  • World Coal - UK
  • Indika Energy - Indonesia
  • Wilmar Investment Holdings
  • Straits Asia Resources Limited - Singapore
  • Aboitiz Power Corporation - Philippines
  • Coal Orbis AG
  • PLN - Indonesia
  • Malco - India
  • Lanco Infratech Ltd - India
  • NALCO India
  • Kohat Cement Company Ltd. - Pakistan
  • Coastal Gujarat Power Limited - India
  • Chamber of Mines of South Africa
  • Baramulti Group, Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • J M Baxi & Co - India
  • Xstrata Coal
  • Intertek Mineral Services - Indonesia
  • Semirara Mining Corp, Philippines
  • Australian Commodity Traders Exchange
  • Clarksons - UK
  • Ministry of Mines - Canada
  • Edison Trading Spa - Italy
  • Gujarat Electricity Regulatory Commission - India
  • Mitra SK Pvt Ltd - India
  • KPCL - India
  • Uttam Galva Steels Limited - India
  • Shree Cement - India
  • SASOL - South Africa
  • PowerSource Philippines DevCo
  • Sinarmas Energy and Mining - Indonesia
  • Fearnleys - India
  • Africa Commodities Group - South Africa
  • Thermax Limited - India
  • Surastha Cement
  • Peabody Energy - USA
  • Bank of China, Malaysia
  • ANZ Bank - Australia
  • KPMG - USA
  • Karaikal Port Pvt Ltd - India
  • Goldman Sachs - Singapore
  • Energy Link Ltd, New Zealand
  • CIMB Investment Bank - Malaysia
  • Enel Italy
  • Berau Coal - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Eastern Coal Council - USA
  • Samsung - South Korea
  • Runge Indonesia
  • Attock Cement Pakistan Limited
  • RBS Sempra - UK
  • GB Group - China
  • Ince & co LLP
  • Cardiff University - UK
  • Moodys - Singapore
  • Savvy Resources Ltd - HongKong
  • Inspectorate - India
  • Dalmia Cement Bharat India
  • SMC Global Power, Philippines
  • Japan Coal Energy Center
  • Sindya Power Generating Company Private Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Rudhra Energy - India
  • Georgia Ports Authority, United States
  • NTPC Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • Indian School of Mines
  • ING Bank NV - Singapore
  • India Bulls Power Limited - India
  • Maruti Cements - India
  • MS Steel International - UAE
  • Timah Investasi Mineral - Indoneisa
  • Bukit Makmur.PT - Indonesia
  • BNP Paribas - Singapore
  • Bharathi Cement Corporation - India
  • Total Coal South Africa
  • Petrosea - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Coaltrans Conferences
  • Mjunction Services Limited - India
  • Geoservices-GeoAssay Lab
  • Reliance Power - India
  • Noble Europe Ltd - UK
  • TANGEDCO India
  • The India Cements Ltd
  • U S Energy Resources
  • UOB Asia (HK) Ltd
  • GVK Power & Infra Limited - India
  • Binh Thuan Hamico - Vietnam
  • Energy Development Corp, Philippines
  • Electricity Authority, New Zealand
  • Interocean Group of Companies - India
  • GHCL Limited - India
  • Maersk Broker
  • Coal India Limited
  • Mechel - Russia
  • PetroVietnam Power Coal Import and Supply Company
  • PNOC Exploration Corporation - Philippines
  • Meenaskhi Energy Private Limited - India
  • Platou - Singapore
  • Bayan Resources Tbk. - Indonesia
  • TGV SRAAC LIMITED, India
  • DBS Bank - Singapore
  • Simpson Spence & Young - Indonesia
  • BRS Brokers - Singapore
  • Jindal Steel & Power Ltd - India
  • Price Waterhouse Coopers - Russia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Arutmin Indonesia
  • Permata Bank - Indonesia
  • Antam Resourcindo - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Electricity Generating Authority of Thailand
  • Central Java Power - Indonesia
  • PTC India Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Wood Mackenzie - Singapore
  • Madhucon Powers Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Carbofer General Trading SA - India
  • Mercuria Energy - Indonesia
  • IEA Clean Coal Centre - UK
  • Gujarat Sidhee Cement - India
  • TNPL - India
  • Bhatia International Limited - India
  • IMC Shipping - Singapore
  • APGENCO India
  • CESC Limited - India
  • Infraline Energy - India
  • Kartika Selabumi Mining - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Singapore Mercantile Exchange
  • Standard Chartered Bank - UAE
  • Samtan Co., Ltd - South Korea
  • Chettinad Cement Corporation Ltd - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Sakthi Sugars Limited - India
  • McConnell Dowell - Australia
  • Lafarge - France
  • Altura Mining Limited, Indonesia
  • GMR Energy Limited - India
  • Ambuja Cements Ltd - India
  • Merrill Lynch Bank
  • Coalindo Energy - Indonesia
  • The Treasury - Australian Government
  • Bahari Cakrawala Sebuku - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • International Coal Ventures Pvt Ltd - India
  • The University of Queensland
  • Cargill India Pvt Ltd
  • JPMorgan - India
  • ICICI Bank Limited - India
  • Humpuss - Indonesia
  • PLN Batubara - Indonesia
  • SMG Consultants - Indonesia
  • Arch Coal - USA
  • PetroVietnam
  • Mercator Lines Limited - India
  • Tanito Harum - Indonesia
  • Platts
  • Deutsche Bank - India
  • Ministry of Finance - Indonesia
  • Rio Tinto Coal - Australia
  • Cosco
  • London Commodity Brokers - England