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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, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...
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- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- The University of Queensland
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
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