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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 $272 million in bank loans to fund the purchase, a Bloomberg report said.
Bukit Asam Transpacific is 80 percent controlled by Transpacific Railway Infrastructure, a corporation owned by the Rajawali Group. The remaining 10 percent is owned by the China Railway Engineering Corporation.
The railway company plans to build a 307-kilometer rail line from Tanjung Enim in South Sumatra to Bandar Lampung in Lampung. Bukit Asam has a coal mine in Tanjung Enim.
Rajawali Group representatives were not immediately available for comment.
Ibrahim, a senior commodities analyst for Askap Futures, said bad winter weather in Europe and the United States had pushed oil prices higher and had also affected coal prices since many people use coal for energy.
“Coal prices will continue to increase in the first half of 2011, at least until the bad weather in Europe and America ends,” he said.
Bukit Asam forecast its coal sales would reach 14 million tons by the end of 2010. It sold 9.8 million tons of coal in the first nine months of last year, 12 percent higher than the 8.7 million tons it sold the first nine months of 2009, the company said in November.
The company signed a head of agreement in August to develop a coal train railroad and a coal terminal with Adani Global, an Indian company, and the South Sumatra provincial government. The HoA covers developing railroads for coal-carrying trains from Tanjung Enim to Samutra Tanjung Api-Api Harbo
Source: The Jakarta Globe
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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
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