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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, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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- Planning Commission, India
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- Siam City Cement PLC, Thailand
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- Aditya Birla Group - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
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- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
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- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Australian Coal Association
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
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- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
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- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
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- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
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- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
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- VISA Power Limited - India
- Georgia Ports Authority, United States
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- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
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- Tata Chemicals Ltd - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
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- IHS Mccloskey Coal Group - USA
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- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
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- The Treasury - Australian Government
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