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Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international multimedia news agency reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam has set aside $150 million to buy coal mines and expects to complete one mine acquisition by the end of 2009, President Director Sukrisno said on Thursday.
The acquisitions are part of the firm's plan to increase its coal production to 50 million tonnes a year within five to six years.
"We are in the due dilligence process for two mines, but hopefully this year we will settle the deal for one mine," said Sukrisno.
Data on the mine's coal reserves was not yet available because the mine, located in East Kalimantan, was new and had not started production, he said.
Bukit Asam expected its coal output to be 12 million tonnes this year, up from 11 million tonnes in 2008, helped by an increased use of trains to transport coal.
The firm had previously said it planned to increase train capacity to carry coal to 11.6 million tonnes this year, from 10.3 million tonnes by adding more trains.
Bukit Asam, Indonesia's third-largest coal miner by market value, had also said it would form a joint venture with state train operator PT Kereta Api Indonesia to upgrade existing rail links from its coal mines to a port on the southern tip of Sumatra.
South Sumatra, where Bukit Asam's coal mines are located, has 47 billion tonnes of coal reserves, or half of Indonesia's total of 93.4 billion tonnes, data from the energy and mines ministry shows.
But poor transportation in the province has been an obstacle to increase coal output, which averages just 12 million tonnes a year.
Source: Reuters
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Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
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- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- PTC India Limited - India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
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