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Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED


Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to supply 100 million metric tons of low sulphur coal to three power plants with combined capacity of 6,000 MW, as reported by Insider Stories

In a press statement, power plants are Saurashtra Super Thermal Power Project, Gujarat Unit-1, Saurashtra Super Thermal Power Project, Gujarat Unit-2, and Sagar Super Thermal Power Project, West Bengal Unit-3. The power plants will be constructed and owned by Universal Crescent Power Private Limited, a wholly owned subsidiary of Universal Success Enterprises Limited (USE).

The agreement is valid for 15 years commencing on 2015 which is conditional on USE achieving financial closure of the projects on or before 31 2013.

USE started operations in 2013 in the real estate sector has become one of the top five developers in India to date.

"We believe that this additional contract significantly enhances our existing robust sales commitments and secures the continued expansion of the Group especially at the Tabang and North Pakar Mines," said President Director of Bayan, Eddie Chin.



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Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...


Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...


Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...


Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...


Tuesday, 17 May 11
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