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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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Thursday, 01 December 11
DRY BULK MARKET RISES TO NEW HEIGHTS ON RENEWED DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on rising this week, with the industry’s benchmark, the Baltic Dry Index (BDI) climbing to 1,846 points on Wednes ...
Tuesday, 29 November 11
SOUTH AFRICAN COAL INTO CHINA, THE ACTIVITY WAS SLOW - BRS
Capesize
The Capesize market in Atlantic stayed pretty firm last week with transatlantic rounds being fixed in the high twenties. Sentiment was les ...
Tuesday, 29 November 11
GOLDEN GATE BRIDGE OF INDONESIA COLLAPSED AT KUKAR, EAST KALIMANTAN
COALspot.com - A suspension bridge in Indonesia’s east Kalimantan province over the Mahakam river collapsed on Saturday, killing at least elev ...
Tuesday, 29 November 11
BUKIT ASAM SCOUTS RP3 TRILLION PROFIT - INSIDER STORIES
The state-controlled coal miner PT Bukit Asam Tbk (PTBA) expects to post a Rp3 trillion net income this year, reaching its target which is 50% above ...
Tuesday, 29 November 11
DRY BULK MARKET BEGINS WEEK ON HIGHER NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Contrary to what had been the case during the past few weeks, this one began on a high note for the dry bulk market, with the Capesize sector pullin ...
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- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
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