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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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Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Planning Commission, India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- White Energy Company Limited
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- The University of Queensland
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
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