We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
Thursday, 04 February 10
RI TO GRADUALLY STOP COAL EXPORTS
Indonesia, which over the past few years has become the world`s third largest coal exporter after Australia and China, is planning to gradually stop ...
|
|
|
Showing 6026 to 6030 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
|
| |
| |
|
