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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, 26 January 11
DRY BULK MARKET TAKES YET ANOTHER NOSEDIVE, CAPESIZES LOOK RATHER UNATTRACTIVE AT THE MOMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The downturn of the dry bulk market sees no boundariers, disproving even those who thought that at least for the capesize market, the worst had pass ...
Tuesday, 25 January 11
DRY BULK RATES CONTINUED TO TUMBLE LAST WEEK - BRS
With weather-related problems affecting the short-term outlook, and new building deliveries the longer-term picture, dry bulk rates continued to tum ...
Tuesday, 25 January 11
R-POWER TO INVEST $5BN IN INDONESIA - THE TIMES OF INDIA
The Times of India reported that, In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billio ...
Monday, 24 January 11
GOVT PROMISES COAL FOR PLN DESPITE PRICE SPIKES - THE JAKARTA POST
The Jakarta Post reported that, the government says state electricity company PT PLN will receive enough coal to fire its power plants, despite pric ...
Monday, 24 January 11
DRY BULK MARKETS DOWNTURN SEES NO RELIEF - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept falling for yet another week, with the industry’s benchmark, the Baltic Dry Index (BDI) losing an additional 4.79 ...
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- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Parliament of New Zealand
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Planning Commission, India
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Sical Logistics Limited - India
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