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Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
 Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to start development on a new rail line in South Sumatra that would boost coal output.
The transport ministry had approved in principle a 307 km (191 miles) rail line connecting its coal mine in Central Bangko in South Sumatra province to the port of Lampung, on the southern tip of Sumatra island, Bukit Asam said in a statement.
"The approval gives certainty to start the rail project," the firm said, adding the new railway would have the capacity to transport 20 million tonnes of coal a year.
Bukit Asam, Indonesia's third-largest coal miner by market value, expects to start operations of the new railway in 2013.
The rail project will be carried out by a joint-venture company between Bukit Asam, PT Transpacific Railway Infrastructure and China Railway Engineering Corporation.
Bukit Asam and China Railway Engineering Corporation each hold a 10 percent stake in the joint venture, while PT Transpacific Railway Infrastructure has an 80 percent stake.
China Railway will be appointed engineering, procurement and construction (EPC) contractor and operator of the project.
Based on a 2007 feasibility study, the project would cost $1.06 billion, of which about 30 percent will be financed using internal cash and 70 percent from loans.
Bukit Asam, which has market value of $3.58 billion, has said it plans to increase its coal production to 50 million tonnes a year within five to six years by buying new mines and developing the new railway project.
The firm has signed a 20-year contract with state train operator PT Kereta Api to transport coal from its mine in South Sumatra to the port. [ID:nJAK519103]
Bukit Asam expected its coal output to be 12 million tonnes this year, up from 11 million tonnes in 2008, helped by the increased use of trains to transport coal.
Source: Reuters
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Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
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- Independent Power Producers Association of India
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- Samtan Co., Ltd - South Korea
- Savvy Resources Ltd - HongKong
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- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
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- Singapore Mercantile Exchange
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- White Energy Company Limited
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- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Jaiprakash Power Ventures ltd
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- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Parliament of New Zealand
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- Indogreen Group - Indonesia
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- Thiess Contractors Indonesia
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- Merrill Lynch Commodities Europe
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- Ministry of Mines - Canada
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- Trasteel International SA, Italy
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- Romanian Commodities Exchange
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- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
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- London Commodity Brokers - England
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
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- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
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- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
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- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
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- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
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- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
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- Chamber of Mines of South Africa
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- Georgia Ports Authority, United States
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- Electricity Authority, New Zealand
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- Gujarat Sidhee Cement - India
- MS Steel International - UAE
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- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
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- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
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- New Zealand Coal & Carbon
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- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
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- Vedanta Resources Plc - India
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- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Eastern Energy - Thailand
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- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- VISA Power Limited - India
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- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
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- Mintek Dendrill Indonesia
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- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
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