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Friday, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least $150 million for a briquetted coal project.
Standard Chartered is advising PT Kaltim Supacoal -- a joint venture firm between Bayan and a unit of Australia's White Energy Ltd -- on financing for the expansion phase of Bayan's Tabang mine in East Kalimantan on Borneo island to 5 million tonnes in annual capacity, it said.
'Based on current information and proposed expansion plans, the final amount available under the facility is expected to be a minimum of $150 million,' Bayan said in a statement.
The joint venture was established to turn high moisture coal produced in Bayan's Tabang mine into a higher energy clean burning product using technology provided by White Energy for use in coal-fired power plants.
Bayan plans to get production up to 15 million tonnes a year from an initial target of 5 million.
It has completed construction of the first coal upgrading plant and has produced first batch upgraded clean coal briquettes last month at its plant which has a capacity of 1 million tonnes per annum.
The financing will be conditional upon the successful completion of due diligence by Standard Chartered Bank including the satisfactory operation of the new plant, the firm said.
Standard Chartered has also agreed to provide Kaltim Supacoal with an immediate interim working capital facility of $10 million to assist with its operating and production ramp-up expenses.
Bayan is one of Indonesia's largest coal miners, operating a 15 million tonnes per year coal terminal at Balikpapan in East Kalimantan.
Source: Reuters
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Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- Minerals Council of Australia
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
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