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, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...


Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.    According to the new HBA regulation No. 41.K/MB.0 ...


Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...


Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...


Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...


   24 25 26 27 28   
Showing 126 to 130 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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