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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, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
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