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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 $3.58 billion, has said it plans to increase its coal production to 50 million tonnes a year within five to six years by buying new mines and developing the new railway project.
The firm has signed a 20-year contract with state train operator PT Kereta Api to transport coal from its mine in South Sumatra to the port. [ID:nJAK519103]
Bukit Asam expected its coal output to be 12 million tonnes this year, up from 11 million tonnes in 2008, helped by the increased use of trains to transport coal.
Source: Reuters
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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Holcim Trading Pte Ltd - Singapore
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- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Parliament of New Zealand
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
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- Savvy Resources Ltd - HongKong
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- Independent Power Producers Association of India
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- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
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- Economic Council, Georgia
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- Meralco Power Generation, Philippines
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- Samtan Co., Ltd - South Korea
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- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
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- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
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- Vedanta Resources Plc - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
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- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
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- Wilmar Investment Holdings
- The University of Queensland
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
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- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
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- Makarim & Taira - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
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- Mercator Lines Limited - India
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- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
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- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
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- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
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- Planning Commission, India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
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- Ministry of Finance - Indonesia
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- Binh Thuan Hamico - Vietnam
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- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
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- Global Coal Blending Company Limited - Australia
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- Xindia Steels Limited - India
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- Bangladesh Power Developement Board
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- Alfred C Toepfer International GmbH - Germany
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- McConnell Dowell - Australia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
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