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Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG


Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a coal transport project on Sumatra island.

PT Bukit Asam Transpacific Railway, a unit of Bukit Asam, and China Railway signed the contracts on March 23, Tanjung Enim, South Sumatra-based Bukit Asam said in an e-mailed statement today. The contracts include rights to build and operate the facilities, the Chinese railroad builder said in a statement to the Shanghai Stock Exchange.

Inadequate infrastructure outside Java, Indonesia’s most populated island, has hindered companies’ ability to develop resources in Southeast Asia’s biggest economy. The railway project will enable Bukit Asam to tap the bulk of the company’s coal reserves on Sumatra, boosting its annual output. To read more 
Bloomberg ( Reported by Jian Guo Jiang, Yoga Rusmana)



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Recent News

Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index. The Cape and Panamax markets s ...


Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...


Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...


Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...


Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...


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