We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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
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 ...
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 ...
|
|
|
Showing 6366 to 6370 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Samtan Co., Ltd - South Korea
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Parliament of New Zealand
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
|
| |
| |
|
