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

Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY
COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility ...


Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...


Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...


Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...


Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...


   988 989 990 991 992   
Showing 4946 to 4950 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 ...

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