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Saturday, 21 January 12
SAMIN TAN COMPLETES BUMI PLC TAKEOVER - INSIDER STORIES
Insider Stories reported that, Indonesian coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN), that is controlled by stellar businessman Samin Tan, today schedules a signing ceremony of the takeover completion on 23.8% stake in London-based Bumi Plc worth US$1 billion.
"Closing ceremony is scheduled today [January 20] at 10.00 am," Samin Tan told Insider Stories last night.
As reported by Bisnis Indonesia today, Director Kenneth Raymond Allan at Borneo also confirmed about the signing ceremony today. "There is no press conference, only press release," he said.
Borneo has received US$1 billion loan facilities arranged by Standard Chartered Bank. The money has been transferred to a certain escrow account.
Following the takeover completion, Borneo will indirectly control 23.8% stake in Bumi Plc through two jointly new entities dubbed Borneo Bumi Energi & Metal Pte Ltd (Borneo Bumi) and Bumi Borneo Resources Pte Ltd (Bumi Borneo).
In Borneo Bumi, Borneo Energi controls 51% stake and 49% stake in Bumi Borneo. Borneo Bumi is holding 54.15% voting shares in Bumi Plc, representing 29.9% of the total voting rights in Bumi Plc.
Bumi Borneo is holding 60.44% non-voting shares in Bumi Plc, representing 25.1% of the total capital paid in of Bumi Plc.
Source: Insider Stories
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Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
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- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Planning Commission, India
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
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