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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 $150 million to buy coal mines and expects to complete one mine acquisition by the end of 2009, President Director Sukrisno said on Thursday.
The acquisitions are part of the firm's plan to increase its coal production to 50 million tonnes a year within five to six years.
"We are in the due dilligence process for two mines, but hopefully this year we will settle the deal for one mine," said Sukrisno.
Data on the mine's coal reserves was not yet available because the mine, located in East Kalimantan, was new and had not started production, he said.
Bukit Asam expected its coal output to be 12 million tonnes this year, up from 11 million tonnes in 2008, helped by an increased use of trains to transport coal.
The firm had previously said it planned to increase train capacity to carry coal to 11.6 million tonnes this year, from 10.3 million tonnes by adding more trains.
Bukit Asam, Indonesia's third-largest coal miner by market value, had also said it would form a joint venture with state train operator PT Kereta Api Indonesia to upgrade existing rail links from its coal mines to a port on the southern tip of Sumatra.
South Sumatra, where Bukit Asam's coal mines are located, has 47 billion tonnes of coal reserves, or half of Indonesia's total of 93.4 billion tonnes, data from the energy and mines ministry shows.
But poor transportation in the province has been an obstacle to increase coal output, which averages just 12 million tonnes a year.
Source: Reuters
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Monday, 17 August 09
CHINESE COAL PURCHASE COULD START A TREND
ABC Rural reported that, The takeover of a major Australian coal mining company by Chinese-owned Yanzhou has raised fears coal markets could be domi ...
Saturday, 15 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The dry bulk market continued to be soft in the beginning of the week, however towards to end of the week the BDI recovere ...
Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the gl ...
Friday, 14 August 09
INDONESIA COAL-PRICES FALL TO $74, INDIA EYES SEPT CARGOES
Reuters reported that, Prices of power-station coal from Australia fell to around $74 a tonne as demand eased, while Indian buyers started to look f ...
Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
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- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
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- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- The University of Queensland
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
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- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- White Energy Company Limited
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
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