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Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than a year ago, the company's president director said on Thursday.
Bukit Asam has agreed to supply PT Indonesia Power, a unit of state electricity firm PT Perusahaan Listrik Negara (PLN), between 5.5 million tonnes and 6.1 million tonnes of coal with a heating value of 5,000 kcal/kg gross as-received (GAR) at 685,000 rupiah ($73.68) per tonne, CIF, president director Sukrisno said.
Indonesia's third-largest listed coal miner by market value said it would supply the coal to the 3,400-MW Suralaya power plant in West Java between now and the end of this year.
The price was 22.5 percent lower than 884,000 rupiah per tonne set in 2009.
"The price in 2009 was above the market price because we managed to reach a deal when coal prices were still high in around September 2008," said a Bukit Asam official, who declined to be quoted by name.
"Although 2010 price is lower than last year, it is still above the current market price," the official said.
Bukit Asam has said it expects last year's revenue to amount to 9 trillion rupiah, up from 7.2 trillion rupiah in 2008 as it managed to negotiate for higher prices.
Bukit Asam, with a market capitalisation of just over $4 billion, expects its sales volume to rise to 15.6 million tonnes in 2010 from an estimated 12.8 million tonnes last year on a growing demand from China and India.($1 = 9,297 Rupiah)
Source: Reuters
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Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
Thursday, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
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- Holcim Trading Pte Ltd - Singapore
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- Vijayanagar Sugar Pvt Ltd - India
- Global Business Power Corporation, Philippines
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- Electricity Authority, New Zealand
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- Parliament of New Zealand
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Ministry of Transport, Egypt
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- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
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- Cement Manufacturers Association - India
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- Meenaskhi Energy Private Limited - India
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- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
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- Metalloyd Limited - United Kingdom
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- Bangladesh Power Developement Board
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- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Independent Power Producers Association of India
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- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Coal and Oil Company - UAE
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- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
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- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
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- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
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- Sojitz Corporation - Japan
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- Georgia Ports Authority, United States
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- The University of Queensland
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- Mintek Dendrill Indonesia
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- Indonesian Coal Mining Association
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