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, 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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 25 November 11
DISPUTE BETWEEN GIANT MINING FIRMS ENDS IN LAHAT - THE JAKARTA POST
The Jakarta Post reported that, prolonged dispute taking place in the South Sumatra regency of Lahat and involving two giant mining companies PT Buk ...


Friday, 25 November 11
DRY BULK MARKET LOSING STEAM, FAST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s been a week of falls for the dry bulk market this one, leaving ship owners with a sour taste in their mouths, as evidence of a recovery i ...


Thursday, 24 November 11
INDONESIA/INDIA SPMX TC AROUND $ 7/8K AND AROUND $ 12/13.00 PMTS ON VOYAGE BASIS - FEARNLEYS
Handy Last week ended on a positive note in the Atlantic however the activity levels are somewhat reduced.  Owners are asking in excess of USD ...


Thursday, 24 November 11
DRY BULK MARKET KEEPS LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was lower once again on Wednesday, with the industry’s benchmark, the Baltic Dry Index (BDI) ending the session down by 1. ...


Tuesday, 22 November 11
NTPC TO BUY 2 MMT OF IMPORTED COAL FOR ITS FOUR PLANTS
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, the largest thermal power generati ...


   991 992 993 994 995   
Showing 4961 to 4965 news of total 6871
News by Category
Popular News
 
Total Members : 28,625
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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