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

Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...


Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...


Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing  a 1.5 folds increase in revenue this year from Rp4. ...


Tuesday, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates o ...


Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...


   987 988 989 990 991   
Showing 4941 to 4945 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 ...

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