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Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam Transpacific Railway (BATR). "We have appointed PricewaterhouseCoopers as the consultant. We are now calculating the possibilities,” said Sukrisno, from the State-owned Enterprises Ministry.
BATR is a coal train construction project in Tanjung Enim, South Sumatra which will connect to a new port in Lampung. The transportation capacity is estimated to be 25 million tons per year with a railway stretching for 307 km. The construction design contract of the project, worth US$1.3 billion, was signed in March 2010, as quoted by TEMPO Interactive.
PTBA currently holds 10 percent of shares in the project. The other shareholders are China Railway Group (10 percent) and Rajawali Group through PT Transpacific Railway Infrastructure (80 percent).
The share increase will be done by transferring the shares owned by Rajawali in BATR, which will allow PTBA to own 30 percent of shares.
China Railway Group’s shares will remain 10 percent and Rajawali’s 60 percent. “If I’m not mistaken, the ground breaking will be this November. We expect the result can be achieved before that," Sukrisno said.
PTBA has prepared US$320 million to buy the additional shares, 30 percent of which is taken from internal funding and 70 percent from bank loans.
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Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Aditya Birla Group - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Sojitz Corporation - Japan
- Posco Energy - South Korea
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