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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, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dr ...
Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing me ...
Saturday, 31 December 11
GLOBALCOAL NEWC INDEX SURGED 2.32 PERCENT
COALspot.com - globalCOAL index in Newcastle Port, benchmark for Asian market, ended substantially higher, surged 2.32 percent to US$115.47 per ...
Friday, 30 December 11
CENTRAL GOVERNMENT SHOULD ISSUE PERMITS - THE JAKARTA POST
The Jakarta Post reported that, business associations from both the palm oil and mining sectors have suggested that the central government should re ...
Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...
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Showing 4906 to 4910 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- The University of Queensland
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
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