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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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Monday, 10 January 11
COAL MONGOLIA IS INVITING YOU TO THE INTERNATIONAL COAL SECTOR INVESTORS CONFERENCE
COALspot.com - (Press Release) - The Coal Mongolian Conference will take place at Chinggis Hotel, in Ulaanbaatar on 24-25, Feb 2011. The coal bonanz ...
Monday, 10 January 11
DEWA SEEKS ADVICE ON COAL POWER PROJECT -THE NATIONAL
The Dubai utility company gets nine bids from international groups for consultancy role.
The National reported that, Dubai's utility company wil ...
Saturday, 08 January 11
COAL PRICE WILL RISE IN SHORT-TERM DUE TO AUSTRALIA FLOODS - ALBUQUERQUE EXPRESS
Albuquerque Express reported that, Queensland’s mining minister, Stephen Robertson, has warned that the Australian state’s coal mines wi ...
Saturday, 08 January 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 8.69 PERCENT IN JANUARY 2011
COALspot.com - Indonesia’s Ministry of Energy and Mineral Resources has set the January 2011 Indonesian Coal Reference Price for thermal ...
Saturday, 08 January 11
SUPRAMAX VESSELS WERE FIXED AT AROUND $ 9000 PD FOR A TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The holiday season affect combined with severe flooding in Queensland ports continues to keep the market and pressure. “Suprama ...
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- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- White Energy Company Limited
- London Commodity Brokers - England
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- The University of Queensland
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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