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Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST


The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with two Indonesian coal giants, Bumi Resources and Berau Coal Energy, co-founder of the London stock exchange-listed firm has said.

Nathaniel Rothschild told reporters in a teleconference on Tuesday that the transformation process from “Vallar Plc” to “Bumi Plc” would take five months and be complete by April 2011 at the latest.

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Rosan P. Roeslani, president director of Recapital, which owns Berau, said on Tuesday that the partnership would create a new entity named Bumi Plc, “in which Bumi and Recapital will hold the controlling 60 percent stake”.

Nathaniel and Indra Bakrie will be chairmen at the new entity, while Ari Hudaya, the current chief executive officer of Bumi, will be the CEO of “Bumi Plc”, Rosan added. (est)
Source: The Jakarta Post



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Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points. According to Vistaar Shipping of S ...


Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...


Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
  The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...


Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...


Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...


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