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

Friday, 01 June 12
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA AND BUMI BARITO MINERAL PROJECTS
- Borneo Bara Prima (BBP) Project confirmed on the Clean and Clear List 9th May 2012 - Bumi Barito Mineral (BBM) Project confirmed on the Clean and ...


Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...


Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...


Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas • Funds ...


Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...


   941 942 943 944 945   
Showing 4711 to 4715 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 ...

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