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

Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...


Sunday, 29 April 12
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The BDI continued to go up with the support of Panamax/Supramax and was up by 8.34 pct closing at 1,156 points. The cape index was ...


Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the me ...


Friday, 27 April 12
BUKIT ASAMS NET INCOME UP 14% IN 1Q 2012 (UNAUDITED)
Press Release - PT Bukit Asam (Persero) Tbk, announced the Consolidated Financial Statements and Subsidiaries per 31 March 2012 (Unaudited). Reve ...


Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silan ...


   948 949 950 951 952   
Showing 4746 to 4750 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 ...

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