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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 $47.3 million in rescue funds to the Indonesian Bank Restructuring Agency.
A document received by the Jakarta Globe shows the Attorney General’s Office asked the Energy Ministry not to approve any shifting of the Pekanbaru-based Riau Baraharum’s assets. Although the document was sent from an unknown source, Bambang confirmed the accuracy of the letter.
According to the document, Agus is a major shareholder of Singapore-based company Shining Hope. The acknowledged owner of the miner is the Barki family, but Shining Hope’s reported use of Riau Baraharum as collateral for a debt issue throws this in doubt.
Early in March, the Corruption Eradication Commission asked the Finance Ministry to seize the miner’s assets should any evidence materialize that Agus held a stake in the company.
Bambang said Riau Baraharum had submitted a proposal for a new ownership structure, including Shining Hope, in February.
However, he said the AGO had already made a recommendation against the move in November 2008, effectively halting the process before it began.
Bambang said his office sent a letter to Riau Baraharum on Aug. 28 in which the proposal to change ownership was denied. “We recognize only the Barki family as owning Riau Baraharum.”
In response to speculation that the miner had already changed hands, Bambang reiterated that the Barki family controlled the miner and that the government would not pull its mining license based on rumors.
“There are no problems with the Barki family, so we will not take any action, including termination of its mining license,” he said.
Source: The Jakarta Globe
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Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
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