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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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Wednesday, 16 November 11
A STRONG WEEK FOR THE CAPES - BRS
A sharp bounce by the Cape market pushed the BDI up by 3% last week. This was despite a softening in the other indices with the Panamax, Supramax an ...
Monday, 14 November 11
BORL SEEKS 660K MT OF LOW SULPHUR COAL
COALspot.com - BORL India has issued a tender for around 660,000 MT of 4500 - 5500 kcal/kg sub-bituminous Coal.
Bharat Oman Refineries Ltd ...
Sunday, 13 November 11
BUNKER PRICES REMAINED FIRM
COALspot.com - The market seemed to recover this week with the BDI and Cape Index up.
The BDI was up by only about 2.86 pct closing at 1835 point ...
Saturday, 12 November 11
COALINDO ENERGY LAUNCHED INDEX FOR 3400 GAR COAL
COALspot.com - PT Coalindo Energy, in cooperation with Argus Media Limited, launched the coal index for low-rank coal with a calorific value of 3,40 ...
Saturday, 12 November 11
BBJ WILL RELEASE A COAL CONTRACT
Jakarta Futures Exchange will soon release a coal futures contracts during the quarter 1 / 2012.
Director of the Jakarta Futures Exchange (BBJ) S ...
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- Bahari Cakrawala Sebuku - Indonesia
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Agrawal Coal Company - India
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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