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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 last beyond 6-mth
Reuters reported that, Singapore-listed coal miner, Straits Asia Resources, said on Thursday the new coal loading facility at its Jembayan mine in Indonesia's East Kalimantan province has collapsed due to heavy rain.
The company did not say whether there were any casualties.
Straits Asia said it is investigating the extent of damage and the potential impact on the future operation of the newly commissioned facility. It said the facility will not be able to load its coal output for "some time".
UBS said in a research note that it might lower its valuation on the company if the disruption lasts longer than six months.
Straits Asia blamed the collapse on several days of rain in the area, which caused erosion and the failure of the foundation structure of the facility.
The company said the Jembayan mine site operates two load out trains at the mine, and the old facility, with a nominal annual capacity of 5.5 million tonnes, "does not appear to be affected by this event."
"All other mining activities at Jembayan continue to function normally and all reasonable steps are being undertaken to mitigate the impact of this event," the company said in a statement to the stock exchange.
Straits Asia, which exports most of its output to power plants in Japan, Korea, Taiwan and India, plans to boost its production from its two coal mines in East Kalimantan province to 9.5 million tonnes in 2009, from 8.6 million tonnes last year.
UBS analyst Andreas Bokkenheuser said in a note that the company should be able to achieve 8 million tonnes of output this year.
"If the loader won't be operational for another six months, our scenario analysis suggest a 10 percent downside from our current S$2.50 ($1.80) valuation to S$2.25," Bokkenheuser said.
The announcement came after the stock market closed. Straits Asia's shares had finished 1.38 percent higher to end at S$2.21, outperforming the broader market .FTSTI which finished 0.62 percent higher. ($1=1.392 Singapore Dollar)
Source: Reuters
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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 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 ...
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 ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
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- London Commodity Brokers - England
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- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
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- White Energy Company Limited
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- Altura Mining Limited, Indonesia
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- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
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- Indika Energy - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- ICICI Bank Limited - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
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