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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, 12 November 11
DRY BULK MARKET REGAINS SOME OF THE LOST GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market managed to edge forward yesterday, putting an end and halting the losses accumulated over the course of the past weeks, which ha ...
Friday, 11 November 11
PETROCOM ENERGY PLANS $40M TO BUILD COAL PLANT IN CILEGON - JP
The Jakarta Post reported that, Hong Kong-based Petrocom Energy Ltd has unveiled plans to invest up to US$40 million on a proposed coal-blending fac ...
Friday, 11 November 11
GOVT WAITS LEGAL DECISION ON BUKIT ASAM, ADARO DISPUTE - JP
The Jakarta Post reported that, The government says that it will not interfere in the settlement process of the dispute between state coal miner PT ...
Thursday, 10 November 11
INDONESIAN REFERENCE COAL PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the November 2011 Indonesian Coal Reference Price for thermal coal at U ...
Tuesday, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ...
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- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
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