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Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
 Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent in 2010 through the expansion of existing mines.
Bayan, Indonesia's eighth-largest coal producer by volume, plans to produce 13.5 million tonnes of coal next year, up from a target of 9.5 million tonnes of coal this year, Alastair Mcleod, Bayan's chief financial officer, said.
"We started two new mines last year and two mines this year. All of those mines continue to expand," Mcleod told reporters on the sidelines of Coaltrans 3rd Coal Mining Operations & Economics in Jakarta.
The firm has eight mining companies with a total concession area of 81,265 hectares (200,800 acres).
Bayan produced 5.5 million tonnes of coal in the first half of this year, Mcleod said, and production for this year could top its target of 9.5 million tonnes.
The firm plans to boost its coal output to 20 million tonnes within the next five years, Mcleod said.
Bayan is also actively seeking buyers for its updgraded clean coal briquettes from its new plant.
"Our marketing strategy is to sell small lots to a wide variety of customers. We are looking at 20-25 customers. So when we expand to 5 million tonnes, we already have (a) customer base," he said.
Bayan has established a joint venture firm -- PT Kaltim Supacoal -- with a unit of Australia's White Energy Ltd to turn high moisture coal produced at Bayan's Tabang mine in East Kalimantan into a higher energy clean burning products using White Energy's technology for use in coal-fired power plants.
It has completed construction of its first coal upgrading plant and produced its first batch of upgraded clean coal briquettes in August at the plant, which has a capacity of 1 million tonnes per annum.
The firm plans to build another four plants between the first half of 2010 and the first half of 2012, which will boost the capacity to 5 million tonnes, Mcleod said.
In September, Bayan said it had appointed Standard Chartered Bank as a financial adviser for raising at least $150 million for the briquetted coal project.
Source: Reuters
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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
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- Indian Oil Corporation Limited
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- Indika Energy - Indonesia
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- Australian Commodity Traders Exchange
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- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
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- TeaM Sual Corporation - Philippines
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- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
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- Kepco SPC Power Corporation, Philippines
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- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
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- Maheswari Brothers Coal Limited - India
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- Chamber of Mines of South Africa
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- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
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- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
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- Baramulti Group, Indonesia
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- GMR Energy Limited - India
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- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Agrawal Coal Company - India
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- Global Coal Blending Company Limited - Australia
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- The University of Queensland
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- Indogreen Group - Indonesia
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- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
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