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Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
 State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, president director Sukrisno said on Wednesday.
The acquisitions, which Bukit Asam is aiming to complete in 2011, would help the company achieve its target of more than tripling annual production to 50 million tons of coal by 2014, he said.
“The Rp 1.5 trillion is allocated from our internal budget,” Sukrisno said. “After the Kalimantan acquisitions are finished, we will seek to acquire coal mines in Africa and Australia.”
He declined to name the two East Kalimantan mines but said negotiations were already being conducted.
Bukit Asam has previously said that it was interested in acquiring BHP Billiton’s stake in the Maruwai mine in Central Kalimantan. Sukrisno said the company had completed due diligence on the Maruwai stake and submitted a conditional offer to BHP in November.
PT Ciptadana Sekuritas analyst Sylvia Darmaji said Bukit Asam’s acquisition plans, both in Kalimantan and overseas, were quite feasible.
“If they seek loans for their acquisitions, it won’t be difficult for them as they have a clear financial record,” she said. However the feasibility of the planned international acquisitions would depend on the size of the mines, Sylvia said.
| “6.14 million tons of Bukit Asam coal will be exported to Japan, Taiwan, Malaysia, India, South Korea, Thailand and Pakistan in 2010” - PTBA |
Bukit Asam estimates that its 2009 net profit will increase by 50 percent from Rp 1.7 trillion in 2008, while revenue should increase at least 10 percent from Rp 9 trillion in 2008, he said.
The country’s third-largest listed coal miner, Bukit Asam is aiming to grow coal production from an expected 14 million tons in 2010 to 20.1 million in 2011, 25.1 million in 2013 and then a big jump to 50 million tons in 2014.
The company is also building two coal-fired electricity-generating plants near its mines in South Sumatra with capacities of 2,400 and 200 megawatts.
Bukit Asam is in negotiations with state electricity company PT Perusahaan Listrik Negara about the price PLN will pay for electricity from the plants.
Bukit Asam is also aiming to build three small power plants — with generating capacities of 30 MW, 16 MW and 20 MW — for its own use.
Of the 14 million tons of coal Bukit Asam expects to produce this year, 7.8 million tons will be sold domestically and 6.14 million tons will be exported to Japan, Taiwan, Malaysia, India, South Korea, Thailand and Pakistan. Japan is the biggest buyer. It is expected to take 1.3 million tons.
Source: The Jakarta Globe
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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
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