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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$1 billion loan facilities arranged by Standard Chartered Bank. The money has been transferred to a certain escrow account.
Following the takeover completion, Borneo will indirectly control 23.8% stake in Bumi Plc through two jointly new entities dubbed Borneo Bumi Energi & Metal Pte Ltd (Borneo Bumi) and Bumi Borneo Resources Pte Ltd (Bumi Borneo).
In Borneo Bumi, Borneo Energi controls 51% stake and 49% stake in Bumi Borneo. Borneo Bumi is holding 54.15% voting shares in Bumi Plc, representing 29.9% of the total voting rights in Bumi Plc.
Bumi Borneo is holding 60.44% non-voting shares in Bumi Plc, representing 25.1% of the total capital paid in of Bumi Plc.
Source: Insider Stories
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Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
Sunday, 22 January 12
FREIGHT MARKET DROPPED TO THE LOWEST LEVEL SINCE 2008
COALspot.com - "The markets continued to soften almost reaching 2008 levels breaking the 1,000 point mark", said Capt. Reddy of Vistaar Sh ...
Saturday, 21 January 12
ASIAS PREMIER COMPREHENSIVE OPEN CUT MINING CONFERENCE SCHEDULED FOR FEBRUARY 2012
As the only such conference in the region for miners and service providers, IBC Asia’s Open Cut Mine Planning & Operational Excellence con ...
Saturday, 21 January 12
COAL MARKETS CELEBRATES A DECADE OF BRINGING BUYERS & SELLERS TOGETHER
In 2012, IBC Asia’s premier Coal Markets conference series – Asia’s only globally focused coal import, export and supply chain eve ...
Thursday, 19 January 12
SOUTHGOBI RESOURCES SELLS MORE THAN FOUR MILLION TONNES OF COAL IN 2011, 58% MORE THAN 2010
COALspot.com - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) has successfully complets year 2011 on guidance in terms of coal sales and production.
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- Alfred C Toepfer International GmbH - Germany
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
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- Coal and Oil Company - UAE
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- Global Business Power Corporation, Philippines
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- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
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- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
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- Chamber of Mines of South Africa
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- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
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- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Sojitz Corporation - Japan
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
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- AsiaOL BioFuels Corp., Philippines
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- The State Trading Corporation of India Ltd
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- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
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- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- White Energy Company Limited
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
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- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
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- Metalloyd Limited - United Kingdom
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- Aboitiz Power Corporation - Philippines
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- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
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