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Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the authorities in Indonesia, it believes that any potential coal export restrictions may not affect it because of its supply arrangements with Indonesia’s state power provider PLN.
The statement was in response to today’s 8 percent decline in Churchill’s share price, apparently triggered by press speculation about the government’s possible plans to introduce export restrictions on certain grades of coal.
On Thursday, reports surfaced that Indonesia is preparing to place a ban on the export of low quality coal with an energy value of below 5,600 kilocalories per kilogram. The government wants producers to upgrade the coal to a higher energy value product in an effort to increase the country’s export revenue.
“From discussion with the relevant authorities, Churchill believes that any export restrictions will not apply to all producers and expects that further details may clarify that any export restrictions may not apply to Churchill because of the coal supply arrangement in place with the PLN,” said Churchill.
Churchill has created an Indonesian advisory board, which is participating in the ongoing discussions, that “guarantees access to all levels of industry and government” and it has negotiated an off-take deal with the state electricity company.
The company pledged to update the market “when appropriate”.
Churchill also reiterated that it is working with Indonesian state power provider PLN, expecting to meet all of its obligations to supply the domestic market via this relationship.
Back in December, Churchill acquired the land to be used as the site of the future port facility for the shipment of coal from the East Kutai project in Indonesia.Churchill has hired Credit Suisse to find a “big brother with deep pockets” to fund the development of the mine, which has a net present value of US$1.8 billion.
However, Churchill is keeping all of its options open and is still looking at possibly running East Kutai as a stand-alone project funded by equity and debt.
In September the company passed a major milestone when the eagerly awaited feasibility study confirmed East Kutai as a world class deposit with a JORC resource of 2.73 billion tonnes.
Source: Proactive Investors
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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- MS Steel International - UAE
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Australian Coal Association
- Planning Commission, India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
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