We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 ($424 million) of its own equity to buy land.
If it proceeds, the scheme will mark the first time private investors have held a controlling stake in a railway project since Kereta Api took over the nation’s railways in 1963.
Tunjung Inderawan, the Transportation Ministry’s director general of railways, said the permits would only be issued after Bukit Asam had satisfied all of the technical requirements. “It could be quick or it could be slow. It depends entirely on Bukit Asam,” he said.
If the project were completed in 2013, Sukrisno said, it would allow Bukit Asam to boost coal output by 5 million tons the first year, 10 million tons the second year and 22 million tons by 2016.
Bukit Asam will only control 10 percent of the joint venture. Transpacific will own 80 percent and China Railway Engineering 10 percent.
Source: The Jakarta Globe
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
|
|
|
Showing 6356 to 6360 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Minerals Council of Australia
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
|
| |
| |
|
