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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
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Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
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- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Australian Coal Association
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Eastern Coal Council - USA
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- PTC India Limited - India
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
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