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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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Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
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- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- White Energy Company Limited
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- ASAPP Information Group - India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
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