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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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Tuesday, 11 April 23
OIL RISES ON CHINA STIMULUS EXPECTATIONS, WEAKER DOLLAR - REUTERS
Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude sto ...
Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
...
Sunday, 09 April 23
COAL INDIA TO BOOST SUPPLIES TO INDUSTRIES AS UTILITIES’ INVENTORIES RISE - REUTERS
Coal India Ltd will increase supplies to industries, the world’s largest coal miner said on Wednesday as fuel inventories at utilities run by ...
Thursday, 06 April 23
MARKET INSIGHT - INTERMODAL
LNG Current Supply/Demand Dynamics
This year, LNG supply will likely exceed demand, so prices will need to decline to levels that will encourag ...
Sunday, 26 March 23
EUROPE’S RUSH TO LNG COULD TURN INTO 'WORLD’S MOST EXPENSIVE AND UNNECESSARY INSURANCE POLICY'- CNBC
Europe’s rapid buildout of liquefied natural gas infrastructure is on track to far exceed demand by the end of the decade, according to new r ...
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Showing 111 to 115 news of total 6871 |
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- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- The University of Queensland
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Aditya Birla Group - India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
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