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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 $10 million to assist with its operating and production ramp-up expenses.
Bayan is one of Indonesia's largest coal miners, operating a 15 million tonnes per year coal terminal at Balikpapan in East Kalimantan.
Source: Reuters
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Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
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- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Planning Commission, India
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Australian Coal Association
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
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