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