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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, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Economic Council, Georgia
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
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