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Wednesday, 05 January 11
BUKIT ASAM TARGETS 20% BUY TO GROW COAL TRANSPORT CAPACITY - THE JAKARTA GLOBE
 The Jakarta Globe reported that, Indonesian coal producer Tambang Batubara Bukit Asam is considering buying an additional 20 percent stake in Bukit Asam Transpacific Railway from the Rajawali Group, a company executive said.
“By increasing ownership in the railway company, we expect to have an additional 25 million tons of transport capacity for our coal,” Achmad Sudarto, corporate secretary of Tambang Batubara Bukit Asam, said in an interview with the Jakarta Globe.
Bukit Asam has an option to buy an additional 20 percent stake in Transpacific, he said. It currently holds a 10 percent stake in the railway.
“We are planning to buy the stake from the Rajawali Group, and we will use our internal funds to finance the purchase,” he said, adding that Bukit Asam would need $320 million to buy the additional 20 percent.
However, Bukit Asam’s president director, Sukrisno, told Bisnis Indonesia on Monday that the company would seek $272 million in bank loans to fund the purchase, a Bloomberg report said.
Bukit Asam Transpacific is 80 percent controlled by Transpacific Railway Infrastructure, a corporation owned by the Rajawali Group. The remaining 10 percent is owned by the China Railway Engineering Corporation.
The railway company plans to build a 307-kilometer rail line from Tanjung Enim in South Sumatra to Bandar Lampung in Lampung. Bukit Asam has a coal mine in Tanjung Enim.
Rajawali Group representatives were not immediately available for comment.
Ibrahim, a senior commodities analyst for Askap Futures, said bad winter weather in Europe and the United States had pushed oil prices higher and had also affected coal prices since many people use coal for energy.
“Coal prices will continue to increase in the first half of 2011, at least until the bad weather in Europe and America ends,” he said.
Bukit Asam forecast its coal sales would reach 14 million tons by the end of 2010. It sold 9.8 million tons of coal in the first nine months of last year, 12 percent higher than the 8.7 million tons it sold the first nine months of 2009, the company said in November.
The company signed a head of agreement in August to develop a coal train railroad and a coal terminal with Adani Global, an Indian company, and the South Sumatra provincial government. The HoA covers developing railroads for coal-carrying trains from Tanjung Enim to Samutra Tanjung Api-Api Harbo
Source: The Jakarta Globe
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Wednesday, 25 November 20
MARKET INSIGHT - INTERMODAL
Over 90% of the world’s goods are transported by sea. LPG is a clean, energy efficient and portable fuel that is being marketed at an afforda ...
Friday, 20 November 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 19 November 20
MARKET INSIGHT - INTERMODAL
As we are moving towards the end of the year, the overall deal landscape of the dry bulk sector corresponding to the second half of 2020 (up to dat ...
Tuesday, 17 November 20
COAL SQUEEZE INTENSIFIES - BALTIC EXCHANGE
The message from the top is clear: cut out coal. While the regulatory pressure has been evident for some time, the race to banish the black stuff s ...
Tuesday, 17 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 128.72 points Monday, up 0.35 percent week on week.
The index, released by China ...
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- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Economic Council, Georgia
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- The University of Queensland
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- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
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