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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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Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...
Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
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- Chettinad Cement Corporation Ltd - India
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- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
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- Ministry of Transport, Egypt
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
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- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
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- Trasteel International SA, Italy
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Vedanta Resources Plc - India
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Sical Logistics Limited - India
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- Goldman Sachs - Singapore
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- Kideco Jaya Agung - Indonesia
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- Indian Oil Corporation Limited
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- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
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- Electricity Generating Authority of Thailand
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- Sindya Power Generating Company Private Ltd
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- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
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- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Planning Commission, India
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- CNBM International Corporation - China
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- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
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- Deloitte Consulting - India
- SMC Global Power, Philippines
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- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- VISA Power Limited - India
- Australian Commodity Traders Exchange
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Semirara Mining and Power Corporation, Philippines
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- Chamber of Mines of South Africa
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- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- White Energy Company Limited
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- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
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- South Luzon Thermal Energy Corporation
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- Ministry of Mines - Canada
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- Banpu Public Company Limited - Thailand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
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- Meenaskhi Energy Private Limited - India
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- The University of Queensland
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- Metalloyd Limited - United Kingdom
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- Merrill Lynch Commodities Europe
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