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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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Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
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- Price Waterhouse Coopers - Russia
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- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
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- Formosa Plastics Group - Taiwan
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- Sical Logistics Limited - India
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- White Energy Company Limited
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- Wilmar Investment Holdings
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- IEA Clean Coal Centre - UK
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- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
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- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
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- MS Steel International - UAE
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- IHS Mccloskey Coal Group - USA
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- Straits Asia Resources Limited - Singapore
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- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
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- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Posco Energy - South Korea
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- Petron Corporation, Philippines
- Trasteel International SA, Italy
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- PetroVietnam Power Coal Import and Supply Company
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- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
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- Pipit Mutiara Jaya. PT, Indonesia
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- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
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- Wood Mackenzie - Singapore
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- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
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- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
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- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
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- Ministry of Mines - Canada
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- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
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- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
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- Jaiprakash Power Ventures ltd
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- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
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- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
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- India Bulls Power Limited - India
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- Romanian Commodities Exchange
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- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
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- Parliament of New Zealand
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- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Orica Mining Services - Indonesia
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- Energy Link Ltd, New Zealand
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- Georgia Ports Authority, United States
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