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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.($1 = 9,297 Rupiah)
Source: Reuters
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Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 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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- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- The University of Queensland
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
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