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Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
.jpg) 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, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
Saturday, 04 February 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 6,000 PER DAY - VISTAAR
COALspot.com - The markets continued to soften which dropped by almost 11 pct and BDI closing at 647 points.
The drop in BDI was mainly due to dr ...
Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry ...
Wednesday, 01 February 12
KRISHNAPATNAM PORT - GOING DEEP TO SOAR HIGH
COALspot.com - Krishnapatnam Port now rightfully claims as the deepest draft port in India, as it has started accepting vessels with maximum permiss ...
Wednesday, 01 February 12
IN JAMBI, MOST MINING COMPANIES LACK 'CLEAR-AND-CLEAN' PERMITS - JP
More than three-quarters of the 386 mining companies in Jambi lack “clear-and-clean” certifications from the government, according to an ...
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- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Parliament of New Zealand
- Indika Energy - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
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