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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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Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
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- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
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