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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, 11 August 09
ZAMBIAN COAL BUYERS CONTINUE IMPORTING COAL FROM ZIMBABWE
Lusaka Times reported that, Coal mining companies have bemoaned the lack of market for their produce as prospective buyers continue importing the co ...
Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter ...
Monday, 10 August 09
MANGALAM CEMENT PLACES ORDER FOR CAPTIVE POWER PLANT
Steel Guru reported that, Mangalam Cement Ltd has announced that the company on August 6th 2009 finalized order for Captive Thermal Power Plant of 1 ...
Monday, 10 August 09
VIET NAM COAL EXPORTS HIT 13.5 MILLION TONNES
VietNamNet Bridge reported that, Viet Nam exported more than 13.5 million tonnes of coal in the first seven months of this year, equal to the same p ...
Monday, 10 August 09
S.KOREA KOSPO ISSUES SPOT, TERM COAL TENDERS
Korea Southern Power Co Ltd (KOSPO) is seeking 1.5 million tonnes of steam coal per year for delivery from October 2009 through September 2012 via a ...
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- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Australian Coal Association
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
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