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Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
 Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced the signing of an agreement for a setting up of a 'Rail and Port project' with the Regional Government of Sumatra Selatan, Indonesia and PT Bukit Asam Tbk, a Government of Indonesia coal mining company.
Estimated to cost USD 1.65 billion, the Rail and Port project will be executed by PT Adani Global, a step-down subsidiary of Adani Enterprises, over a period of 48 months. It will involve the construction of a 250 km railway line and port infrastructure by Adani needed for the transportation and ship loading of upto 60 mmtpa of coal.
The Adani Group chairman Gautam Adani today signed this landmark pact with H E Alex Noerdin, the Governor of the South Sumatera province of Indonesia and Mr Sukrisno, President Director, PT Bukit Asam Tbk in the august presence of the Indonesian President – HE Susilo Bambang Yudhoyno. This agreement is pursuant to a tripartite memorandum of understanding signed in August 2010. It reaffirms key milestones and principles of this major infrastructure project.
Commenting on the historic development, Mr. Gautam Adani, Chairman – Adani Group said, “India and Indonesia jointly can be shining examples of nation building through co-operation. The Adani Group is committed to creating win-win situations through private-public partnerships for mutual benefit and this is a huge step in that direction. Driven by our philosophy of innovation, courage and trust; we at Adani are committed towards coal mining and development of a world class port, rail and power infrastructure in Indonesia. Today, we re-affirm our pledge to continue this partnership for creating a robust infrastructure in South East Asia”.
Adani further added, “We at Adani Group are clearly focused on the energy sector and constantly strive to enhance our coal value chain. These initiatives in Indonesia, Australia and even in India will bring us closer to achieve our stated goal of 20,000 MW of power generation, 200 MMTPA of coal mining, 200 MMTPA of cargo handling and owning 20 capesize ship by 2020.”
The 250 km railway line will help connect Tanjung Enim, the coal mining area to Tanjung Carat, where the Adani Group will set up a world class port for evacuating the coal.
PT Bukit Asam Tbk, one of Indonesia’s leading coal producers with the largest coal reserve in the country, has conferred “coal purchase rights” to PT Adani Global on take or pay basis with minimum volume of 35 million metric tonnes per annum. This concession has an initial validity of 30 years from signing of the agreement and can be extended mutually.
As per the agreement, PT Bukit Asam Tbk will sell 60 percent of its coal from the Tanjung Enim area to Adani at a government notified price and balance coal will be used as contract carriage for Bukit Asam.
This landmark deal will further consolidate Adani’s coal sourcing from Indonesia, with the company already operating a coal mine in East Kalimanthan. The coal from its Indonesian and Australian assets in Queensland will not only further enhance the Adani Group’s position as India’s largest thermal coal importer but also give it the required fillip for a rapid expansion of its power and coal businesses, transforming it into the largest private sector mining company in India.
Separately, under the bilateral India-Indonesia economic framework, the Adani Group has also signed a memorandum of understanding for exploring the possibility of setting up a 2 x1100 or 3X660 MW lignite based power plant in Indonesia.
The Adani Group will use pioneering modern technologies to consume Indonesia’s lignite resources which are available in abundance thus making Indonesia self-reliant leading to energy-security.
These initiatives are part of the Adani Group’s strategy to emerge as a global player in development and operator of mines and supply coal to support affordable power generation in India. It has already has signed contracts to mine, move and supply 110 million tonnes of coal per year for use by state owned power utilities in India.
Source: Money Control
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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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- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Australian Coal Association
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