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Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessman Samin Tan, today schedules a signing ceremony of the takeover completion on 23.8% stake in London-based Bumi Plc worth US$1 billion.
"Closing ceremony is scheduled today [January 20] at 10.00 am," Samin Tan told Insider Stories last night.
As reported by Bisnis Indonesia today, Director Kenneth Raymond Allan at Borneo also confirmed about the signing ceremony today. "There is no press conference, only press release," he said.
Borneo has received US$1 billion loan facilities arranged by Standard Chartered Bank. The money has been transferred to a certain escrow account.
Following the takeover completion, Borneo will indirectly control 23.8% stake in Bumi Plc through two jointly new entities dubbed Borneo Bumi Energi & Metal Pte Ltd (Borneo Bumi) and Bumi Borneo Resources Pte Ltd (Bumi Borneo).
In Borneo Bumi, Borneo Energi controls 51% stake and 49% stake in Bumi Borneo. Borneo Bumi is holding 54.15% voting shares in Bumi Plc, representing 29.9% of the total voting rights in Bumi Plc.
Bumi Borneo is holding 60.44% non-voting shares in Bumi Plc, representing 25.1% of the total capital paid in of Bumi Plc.
Source: Insider Stories
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Saturday, 11 February 12
WILL HISTORY REPEAT ITSELF IN THIS SHIPPING CYCLE? - CLARKSONS / HELLENIC SHIPPING
A slightly dubious "best man" joke runs as follows… Best man (giving his wedding speech): "Have you noticed how history repeat ...
Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to cont ...
Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...
Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's ...
Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...
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- White Energy Company Limited
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- PTC India Limited - India
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Planning Commission, India
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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