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

Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY
COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility ...


Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...


Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...


Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...


Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...


   988 989 990 991 992   
Showing 4946 to 4950 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 ...

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