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Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
 The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned coal miner PT Tambang Batubara Bukit Asam because the scheme has yet to receive the necessary permit from the Transportation Ministry, Bukit Asam’s top executive said on Tuesday.
“China Exim is unwilling at present to sign a definitive loan deal with us despite the fact that it had offered to provide 70 percent of the financing for the project,” said Sukrisno, Bukit Asam’s president director. “China Exim said they can’t sign the loan deal as we are unable to secure the permit and the project keeps being delayed.”
Sukrisno said Bukit Asam was now pushing the Transportation Ministry to issue the necessary permit by the end of the month.
“However, if China Exim refuses to work with us any more, I’m confident we’ll be able to find other investors,” he said. “This is a very promising project. There will be no shortage of investors interested in working with us.”
A representative from China Eximbank was unavailable for comment. The bank is one of three Chinese state-owned policy banks. Its lending strategies are designed to ensure the achievement of government policy objectives.
The project involves construction of a 300-kilometer railway from Bukit Asam’s Banko coal concession in South Sumatra to Srengsem Port in Lampung. It has been stalled since 2007, when Bukit Asam, Transpacific Railways and China Railway Engineering formed a consortium to build and operate it.
Although the 2007 Railways Law had theoretically rolled back the monopoly of state rail operator PT Kereta Api, no implementing regulations allowing the legislation to take effect were issued until Sept. 8, leading to hope that the project could soon be restarted.
Sukrisno predicted then that a permit would be issued by the end of September and that work on the project would start this month.
“God willing, the project will start sometime in November or December,” he said on Tuesday, adding that the consortium would use about Rp 4 trillion ($424 million) of its own equity to buy land.
If it proceeds, the scheme will mark the first time private investors have held a controlling stake in a railway project since Kereta Api took over the nation’s railways in 1963.
Tunjung Inderawan, the Transportation Ministry’s director general of railways, said the permits would only be issued after Bukit Asam had satisfied all of the technical requirements. “It could be quick or it could be slow. It depends entirely on Bukit Asam,” he said.
If the project were completed in 2013, Sukrisno said, it would allow Bukit Asam to boost coal output by 5 million tons the first year, 10 million tons the second year and 22 million tons by 2016.
Bukit Asam will only control 10 percent of the joint venture. Transpacific will own 80 percent and China Railway Engineering 10 percent.
Source: The Jakarta Globe
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Wednesday, 14 October 09
INDONESIA MULLS TO LIMIT COAL EXPORT
China View reported that, The Indonesian government planned to limit coal export of up to 150 million tons per year due to the growing coal demand i ...
Wednesday, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
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- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- The University of Queensland
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Parliament of New Zealand
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
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