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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
 The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugitive Agus Anwar, who was charged with misusing bailout funds his banks received during the 1997-98 Asian financial crisis.
“We are still evaluating the company’s proposal for changing its shareholder structure and management,” Bambang Setiawan, the ministry’s director general of minerals, coal and geothermal energy, told the Jakarta Globe on Sunday.
Agus, the owner of PT Bank Pelita and PT Instimarat, fled to avoid repaying $47.3 million in rescue funds to the Indonesian Bank Restructuring Agency.
A document received by the Jakarta Globe shows the Attorney General’s Office asked the Energy Ministry not to approve any shifting of the Pekanbaru-based Riau Baraharum’s assets. Although the document was sent from an unknown source, Bambang confirmed the accuracy of the letter.
According to the document, Agus is a major shareholder of Singapore-based company Shining Hope. The acknowledged owner of the miner is the Barki family, but Shining Hope’s reported use of Riau Baraharum as collateral for a debt issue throws this in doubt.
Early in March, the Corruption Eradication Commission asked the Finance Ministry to seize the miner’s assets should any evidence materialize that Agus held a stake in the company.
Bambang said Riau Baraharum had submitted a proposal for a new ownership structure, including Shining Hope, in February.
However, he said the AGO had already made a recommendation against the move in November 2008, effectively halting the process before it began.
Bambang said his office sent a letter to Riau Baraharum on Aug. 28 in which the proposal to change ownership was denied. “We recognize only the Barki family as owning Riau Baraharum.”
In response to speculation that the miner had already changed hands, Bambang reiterated that the Barki family controlled the miner and that the government would not pull its mining license based on rumors.
“There are no problems with the Barki family, so we will not take any action, including termination of its mining license,” he said.
Source: The Jakarta Globe
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Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Parliament of New Zealand
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- PTC India Limited - India
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
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