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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, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- The University of Queensland
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
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