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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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Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...
Friday, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...
Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...
Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012.
Nur Pamudj ...
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- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
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