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Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
 Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their coal terminal project at Cigading Port, Cilegon, Banten Indonesia - Cigading International Bulk Terminal.
The historical moment was inaugurated by Governor of the Province of Banten , Hajah Ratu Atut Chosiyah, and witnessed by Head of Office - Directorate General for Sea Transportation, Ministry of Transportation of Republic of Indonesia, Capt B. Soegiharto. Also present at the event were President & CEO of MTD Group, YBhg Dato’ Azmil Khalid; President Director of PT Krakatau Steel (KS), Fazwar Bujang; President Director of PT Krakatau Bandar Samudera (KBS), Zamhari Hamid; MTD Directors and senior management team.
PT Cigading International Bulk Terminal (CIBT) has secured the exclusive rights from PT Krakatau Bandar Samudera to develop, run and operate the coal terminal for the loading, stacking and discharging for export of coal at the Cigading Port, Indonesia for the period of 32 years on 13th July 2007.
The company is a 95% subsidiary of Sinomast Metacorp (Labuan) Ltd; a 50:50 joint-venture company between Metacorp Berhad (Metacorp) and Indonesia’s PT. Bintang Sinomast Limited. Metacorp inturn, a subsidiary of Malaysia’s conglomerate MTD Capital Berhad, is engaged among others in building and highway constructions, toll management, manufacturing of construction materials, property development, energy and waste management.
“CIBT aimed to be a world class coal terminal operator apart from to build strong reputation. This has become the main challenge for MTD as new player in the port industry. Neverthelesss, we believe with the constant support and cooperation provided by the local authorities and Indonesian government in general, will help us to achieve our mission,” said Dato’ Azmil Khalid, President & CEO of MTD Group.
“From a humble start, we began the Cigading Port project, marked by the ground breaking ceremony in June 2008 in this bare land. As we promised, 3 years later, what you see here today is our proof of our promise. Our vision, along with PT Krakatau Bandar Samudera (KBS) is to expand the existing port facilities to become a world class bulk terminal port with superior solutions for bulk cargo requirements.
To Indonesia we present facilities which we expect to be useful for Indonesia’s economy in general and the coal industry in particular, an international level bulk coal port, Cigading International Bulk Terminal, which has coal handling equipment and technology which can guarantee safety and health better and is environmentally friendly, and therefore will be considered by world class industry players,” he continued.
Energy demands which can no longer be fulfilled by fossil fuels have forced the world to turn to coal. For Indonesia, which is one of the biggest coal producing countries in the world, this is a blessing, making Indonesia an important country in the world. Nevertheless, this condition should be accompanied by adequate transport facilities to ensure coal supplies for domestic as well as foreign industries.
“As Governor of the Province of Banten, who has supported this project since the beginning and has witnessed the corner-stone laying for this project, we open the door widely for Metacorp Berhad, a subsidiary of the MTD Group Malaysia to invest its capital in Banten and express our gratitude for the joint venture with PT Krakatau Bandar Samudra, a subsidiary of PT Krakatau Steel which has chosen Banten to develop its business, which will not only boost the value of investing in Banten in the eyes of the national and international world, but will also absorb local manpower which of course will increase regional revenues and provide prosperity for Banten’s people,” said Hajah Ratu Atut Chosiyah, Governor of the Province of Banten,
“PT Cigading International Bulk Terminal (CIBT) as the company which manages the terminal’s facilities is the business partner of PT Krakatau Bandar Samudera (KBS), a subsidiary of PT Krakatau Steel (KS), which has granted exclusive rights to build, finance and operate this sophisticated international bulk terminal in the Cigading Port area. Without the cooperation from all parties, particularly Metacorp Berhad’s investment, we would not be able to realize the operation of this terminal. Therefore we want to express our gratitude to Metacorp Berhad,” stated Fawzar Bujang, President Director of PT Krakatau Steel.
About Cigading International Bulk Terminal and Its Partners
PT. Cigading International Bulk Terminal (CIBT) is a company that is 95 % owned by Sinomast Metacorp (Labuan) Ltd. a 50-50 joint venture between Metacorp Berhad (Metacorp) and PT Bintang Sinomast Limited. Metacorp is a subsidiary of MTD Capital Bhd, a Malaysian conglomerate and PT Bintang Sinomast Limited is an international joint venture. Currently CIBT continues to establish a strong and professional management team which has a commitment to be faithful to the company's vision and mission. It is believed that CIBT will become one of the international bulk terminals in Indonesia to be considered by global market players. For further information please visit www.cibt.co.id.
About Metacorp Berhad
Metacorp Berhad is a subsidiary of MTD Capital Bhd, a Malaysian conglomerate among others engaged in the construction of buildings and roads, management of toll roads. production of building materials, and property development throughout the world. For further information please visit http://www.metacorp.com.my/.
About PT Bintang Sinomast Limited
PT Bintang Sinomast Limited is an international joint venture company with experience and expertise in operating barges and ship towing, mine engineering, and bulk cargo logistics.
About PT Krakatau Bandar Samudera (KBS)
PT Krakatau Bandar Samudera is a business unit which concentrates on handling bulk in the form of raw iron ore, dry bulk (gypsum, raw sugar, corn, soybeans and others) and other cargo such as coal and scrap. It operates in Cigading Port, an area where the Cilegon heavy industry zone is located. For further information please visit http://www.cigadingport.com
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Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a U ...
Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has ...
Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, ...
Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomale ...
Tuesday, 06 September 11
INDONESIAS PROPOSED COAL EXPORT BAN MAY HAVE IMPACT ON THE INDIAN POWER SECTOR - DIPESH DIPU
COALspot.com - This is a special interview about Indonesian proposed coal export ban by 2014, with Mr. Dipesh Dipu, Director of Deloitte Touche Tohm ...
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- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Bangladesh Power Developement Board
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
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