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, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE


The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbung Energy & Metal on Friday approved the management’s plan to purchase a 23.8 percent stake in London-listed Bumi for $1 billion as well as buying back up to 5 percent of its floating stocks in the market to stabilize their price.

The approval paves the way for Borneo Lumbung to jointly own a combined 47.6 percent stake in Bumi, previously known as Vallar, with two Bakrie Group affiliates, Bakrie & Brothers (BNBR) and Long Haul Holdings.

Borneo Lumbung is owned by businessman Samin Tan, who also owns investment firm Renaissance Capital.

The extraordinary meeting of shareholders on Friday also approved the appointment of Alexander Ramlie — a former banker at local and overseas lenders and executive at Indonesian private equity firm Ancora Capital — as Borneo Lumbung’s new chief executive, replacing Samin.

Samin indirectly controls 73 percent of the company.

“I was asked to replace him [Samin]. That will be effective from today,” Ramlie told reporters. Samin will be nominated for a position at the board of Bumi, replacing Indra Bakrie.

The Bakrie family has been rumored to have close ties with Samin’s business empire, although it has gone on record to deny the existence of any structural connection.

Proceeds from the stock sale to Borneo Lumbung will be used to help refinance Bakrie’s mounting debt, which is owed to a number of overseas lenders, led by Credit Suisse.

Borneo Lumbung’s shares closed 1.2 percent higher on the Indonesia Stock Exchange on Friday, at Rp 830.
Source: The Jakarta Globe



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

Recent News

Saturday, 15 October 11
BENGAL COAL IMPORT TEST - THE TELEGRAPH
The Telegraph reported that, the power position in Bengal improved today but alarm bells are ringing over imported coal stocks that are running out ...


Friday, 14 October 11
CAPE DERIVATIVES MARKET HAS NOT REFLECTED OWNERS EXPECTATIONS' - FEARNBULK
Handy The Atlantic market continued its upward trend, with fresh cargo entering the market. Skaw  Passero to US Gulf climbed US$ 1500 from la ...


Friday, 14 October 11
ADARO BUYS SERVO MEDA FOR RP200 BIO - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO)  announced that its subsidiary PT Alam Tri Abadi (ATI), acquired 35% stake in PT Serv ...


Thursday, 13 October 11
DRY BULK MARKETS RALLY CONTINUES, BUT ANALYSTS WARN IT WILL BE SHORTLIVED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market continued its push forward yesterday, for yet another session, as the BDI (Baltic Dry Index), the industry’s benchmark edg ...


Wednesday, 12 October 11
INDONESIAS COAL RUSH - JOSEPH KIRSCHKE
COALspot.com - Last winter, the Chinese government mobilized thousands of soldiers and reservists of the People’s Liberation Army to the port ...


   1005 1006 1007 1008 1009   
Showing 5031 to 5035 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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