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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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Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...
Saturday, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal compan ...
Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal ...
Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational ...
Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...
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- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- The University of Queensland
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
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