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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

Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...


Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...


Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...


Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...


Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...


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