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Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
.jpg) 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
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Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
Monday, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
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- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- White Energy Company Limited
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- The University of Queensland
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
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