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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, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Planning Commission, India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
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