Borneo Lumbung Energi’s owners move
Oct.04, 2011 in
Coal
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Entries for the ‘Coal’ Category
Sims Jaya back door listing via Myoh Technology
Aug.23, 2011 in
Coal
PT Myoh Technology Tbk, a technology information company, plans a back door listing by acquiring coal mining and services PT Sims Jaya Kaltim from Samtan Co Ltd. In an agenda of extraordinary general meeting submitted to Indonesian Central Securities Depository, Myoh will use proceed from rights issue to support the acquisition. South Korea’s company Samtan [...]
Bumi aims Rp3.9 trio shares buyback
Aug.23, 2011 in
Coal
Indonesia’s largest coal exporter PT Bumi Resources Tbk (BUMI) today announces a buyback of 780 million shares or 3.75% of its outstanding shares with a commitment to spend Rp3.90 trillion cash from part of its net profit. Bumi must complete the buyback within 18 months after it obtains approval of extraordinary general meeting scheduled on [...]
Bumi Resources 1H profit up 8.76%
Aug.18, 2011 in
Coal
Indonesia’s largest coal exporter PT Bumi Resources Tbk (BUMI) reported a 8.76% increase in net profit for the first half of this year as higher average selling price. BUMI booked US$274.37 million net profit in 1H 2011 from US$252.26 million in 1H 2010. Referring to the 1H 2011 profit, it counted 88.22% of BUMI’s full [...]