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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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Monday, 12 March 12
DELTA DUNIA 1M OVERBURDEN DROPS 3.1% - INSIDER STORIES
Insider Stories reported that, Indonesia's second largest coal mining contractor PT Delta Dunia Makmur Tbk (DOID) reported a 25 million bank ...
Monday, 12 March 12
DRY BULK RATES WILL REMAIN LOW IN 2012 SAYS DANISH SHIP FINANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its annual shipping survey Danish Ship Finance said that the current outlook for the Dry Bulk market seems unlikely to foster higher rates in any ...
Monday, 12 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first days of March appear to be more encouraging for dry bulk operators, but the outlook is still gloomy for the rest of year with earnings for ...
Sunday, 11 March 12
FREIGHT RATES FOR INDONESIA TO INDIA WILL CONTINUE TO REMAIN FIRM- VISTAAR
COALspot.com - This week saw another upward trend with all indices up except for the Cape index.
The BDI was up by 6.87 pct closing at 824 points ...
Friday, 09 March 12
MINING IN INDONESIA: RESTRICTION ON FOREIGN INVESTMENT - SUNIL K KUMBHAT
COALspot.com - Recently Govt has passed regulation instructing foreign mining companies to reduce their ownership stake.
The regulation known as ...
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Showing 4811 to 4815 news of total 6871 |
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- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
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