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Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additional coal loading conveyor in Tarahan coal terminal or new coal loading terminal in Lampung. The new terminal can accommodate Cape size vessels for loading. The existing facilities of PT Bukit Asam can accomodate panamax vessels or up to 70000 DWT vessels for loading.
The new terminal or conveyor is expecting to commission its operation by 2012. The coal production will also expecting to increase to 50 million ton per annum by 2015 when the new double track railway line is ready to move more cargo from its new and existing coal mines.
PT. Bukit Asam Transpacific Railway a joint venture company between, PT. Bukit Asam, PT. Transpacific Railway Infrastructure and China Railway Engineering Corporation which will be in charged to build and operate the new railway track to move exclusively Bukit Asam coal from its new coal mines. The mines are expecting to start operation by 2013 – 2014.
The total investment of railway line would be around US$ 1.06 billion.
During period of January – September 2009, PT. Bukit Asam’s sales revenue increased 32% to IDR 6,554.89 billion, mainly due to an increase in selling price. However the company’s sales volume for the same period decreased by 6.7% to 8.73 million tons compare to 9.35 million tons in the same period in 2008.
The period of January – September 2009, the company’s Gross profit Margin was 58.5% and Operating profit margin and net profit margin were 45.2% and 34% respectively or increased from 49.6%, 35.6% and 26.6% respectively in the same period in 2008.
PT. Bukit Asam, one of the well performed government owned public limited company in Indonesia is targeting No.1 coal producer position by 2015 when they are ready with an additional infrastructure and an new operative coal mines.
PT. Bukit Asam also planning to invest in 4 X 600 MW power plants in Banko Tengah area, joint venturing with a Chinese company.(cs)
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Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
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- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
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- Sical Logistics Limited - India
- Edison Trading Spa - Italy
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- Kideco Jaya Agung - Indonesia
- Australian Coal Association
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- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
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- VISA Power Limited - India
- Ministry of Mines - Canada
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- Ind-Barath Power Infra Limited - India
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- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- White Energy Company Limited
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- New Zealand Coal & Carbon
- The Treasury - Australian Government
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- Agrawal Coal Company - India
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- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
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- Medco Energi Mining Internasional
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- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Baramulti Group, Indonesia
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- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
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- Jaiprakash Power Ventures ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
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- Globalindo Alam Lestari - Indonesia
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- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
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- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
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- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
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- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
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- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
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- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
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- Alfred C Toepfer International GmbH - Germany
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- Indian Oil Corporation Limited
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- Economic Council, Georgia
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- Kartika Selabumi Mining - Indonesia
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- Metalloyd Limited - United Kingdom
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- Price Waterhouse Coopers - Russia
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