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Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
 The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of the integrated project uncovered an estimated $700 million in additional costs, a senior national planning official said on Monday.
Lukas Hutagalung, a program management specialist at the National Development Planning Board (Bappenas), said the total cost of the project was now estimated to be $2.2 billion after a government review last month determined improvements were needed to a port that is part of the project and other water transportation-facilities. He did not elaborate on what prompted the review, or the precise nature of the improvements that are needed.
The Puruk Cahu-Bangkuang railway line is the first of four proposed sections of rail line stretching approximately 1,829 kilometers across the province to connect coal mines and ports.
It is hoped that construction of the rail line will help maximize coal production in the province, which is estimated to hold 4.8 million tons of coal, representing more than half of the country’s total estimated deposits of about seven million tons.
The project will be offered to investors under a public-private partnership scheme, with the line being constructed by private investors who will be given a concession to operate it for 30 years, with guarantees that all coal transported from the area will be carried by rail.
The government said last month that 10 investors had demonstrated “great interest” in the rail project, including Japan’s Itochu, China Harbor Engineering and PT Jasa Power Indonesia, a subsidiary of coal miner PT Adaro Energy.
Because of the soaring cost of the project, the government now expects a delay in the project’s completion.
“Previously, the coal railway project was scheduled to be finished by the end of 2012, but now we presume that it will be finished by the end of 2013 at the earliest,” Lukas said.
Due to the change in costs, Lukas said investors had asked the government to extend pre-qualification registration prior to the tender as they try to adjust their financing proposals.
The government extended registration until June 4.
Bastary Panji Indra, a director in charge of public-private partnerships at Bappenas, said 15 companies had now received the pre-qualification documents.
Among the companies are Singapore’s Vestindo Primaland and IL&FS Transportation Network Limited of India.
The Central Kalimantan coal railway project is one of the 100 public-private projects the government plans to get off the ground in the 2010-14 period.
The government has said it hopes to attract Rp 50 trillion ($5.4 billion) of private investment in public-private partnerships this year.
Source: The Jakarta Globe ( By- Irvan Tisnabudi)
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Sunday, 18 April 10
GOVT FORMS PANEL FOR RS 12,000-CR (US$ 2.711 BILLION) COAL INDIA IPO - ECONOMIC TIMES
Economic Times reported that, the government has formed an inter-ministerial panel to carry forward the proposed Rs 12,000-crore (US$ 2.711 billion) ...
Sunday, 18 April 10
THE FUTURES FOR THREE YEARS (2010-2012) FOR PANAMAX WAS AT AROUND US$ 21500 PER DAY - VISTAAR
COALspot.com: The BDI indices up by 3.30 pct and overall market continued to be firm except for India to Fareast.
“The cape index for the f ...
Saturday, 17 April 10
DRY BULK SHIPPING MARKET ANALYSIS - BIMCO
Strong Chinese steel market is set to cushion the flood of new Capesize vessels entering the dry bulk fleet Demand: The first quarter of 2010 saw up ...
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND
The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much hig ...
Friday, 16 April 10
KRISHNAPATNAM PORT IS IRONING ITS WAY INTO RECORD BOOKS
COALspot.com: Krishnapatnam Port achieved a new benchmark by loading 60,021 MT of Iron Ore fines in just 24 hrs surpassing its previous record of 54 ...
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- The Treasury - Australian Government
- Central Electricity Authority - India
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- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
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- Mintek Dendrill Indonesia
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- Energy Link Ltd, New Zealand
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- Jindal Steel & Power Ltd - India
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- IEA Clean Coal Centre - UK
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- Bahari Cakrawala Sebuku - Indonesia
- White Energy Company Limited
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- Tata Chemicals Ltd - India
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- PowerSource Philippines DevCo
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- GAC Shipping (India) Pvt Ltd
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- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
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- GN Power Mariveles Coal Plant, Philippines
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- Renaissance Capital - South Africa
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- Rashtriya Ispat Nigam Limited - India
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- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
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- Sical Logistics Limited - India
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- Sindya Power Generating Company Private Ltd
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- Global Business Power Corporation, Philippines
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- Independent Power Producers Association of India
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- Globalindo Alam Lestari - Indonesia
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- Coal and Oil Company - UAE
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- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
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- Siam City Cement PLC, Thailand
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- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
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- Metalloyd Limited - United Kingdom
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- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
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- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- MS Steel International - UAE
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Singapore Mercantile Exchange
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