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, 03 September 11
TNPL TO BUY 240K MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Limited (TNPL), is seeking to procure 240,000 MT +/-  5 percent of non-coking imported coal with ...


Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The ...


Thursday, 01 September 11
EWP TO BUY 195KT OF VIETNAM COAL
COALspot.com - Korea Midland Power (KOMIPO) has issued an International open bidding for 490kt of sub bituminous coal, according to a bid invitation ...


Thursday, 01 September 11
DRY BULK MARKET TAKES GREAT LEAP FORWARD - NIKOS ROUSSANOGLOU
In what turned out to be a rather hopeful ending of the month, the last day of August saw the dry bulk market’s benchmark, the BDI (Baltic Dry ...


Tuesday, 30 August 11
FAUJI CEMENT CONSUMED MORE THAN 1 MILLION TONS OF LOCAL COAL
Cooper Minerals Inc.based in Vancouver, BC, Canada, is a junior exploration company engaged in the acquisition, exploration and development of miner ...


   1020 1021 1022 1023 1024   
Showing 5106 to 5110 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 ...

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