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Monday, 15 February 10
INDONESIAN COAL SUFFERS SETBACK AS SUMATRA RAIL LINE HELD UP AGAIN
 State-owned coal miner PT Tambang Batubara Bukit Asam’s $1.06 billion rail project in Sumatra faces more delays, and the cost of the project is likely to rise by more than 10 percent, a source close to the project told the Jakarta Globe.
Bukit Asam and its partners are trying to negotiate a new price with the contractor, and as a result construction may not begin until the second quarter of this year, the source said over the weekend.
Bukit Asam president director Sukrisno confirmed on Sunday that the project faced more delays and that the cost would rise, but he declined to confirm the 10 percent figure.
“We are finalizing the EPC [engineering, procurement and construction] contract with [contractor] China Railway. If it’s not finalized then we can’t start,” Sukrisno said. “There has been an increase in the project value, and therefore we have to evaluate and negotiate first.”
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"Transpacific Railways and China Railway Engineering formed a joint venture company — PT Bukit Asam Transpacific Railway — to develop $1.06 billion rail project in Sumatra"
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Bukit Asam hoped that it could solve the issue with the contractor and start construction this quarter, Sukrisno said.
The project involves the construction of a 300-kilometer railway from Bukit Asam’s Banko coal concession in South Sumatra to the port of Srengsem in Lampung.
It was originally announced in 2006. The following year Bukit Asam, Transpacific Railways and China Railway Engineering formed a joint venture company — PT Bukit Asam Transpacific Railway — to develop the project. Bukit Asam has a 10 percent stake, Transpacific 80 percent and China Railway the remaining 10 percent.
However, the project has faced delays because the government did not issue implementing regulations for the 2007 Railway Law until October.
“The companies in the consortium are negotiating with China Railway about the new price of the project,” the source said. “Based on both parties’ calculations and a hired mining consultant from Australia, the project value has increased by more than 10 percent. It should be finalized by the end of February but the project’s construction may not start until the end of the first quarter or early in the second quarter.”
Completion of the project would mark the first time private investors have held a controlling stake in a railway since state-owned railway operator PT Kereta Api took over the nation’s railways in 1963. The 2007 Railway Law rolled back Kereta Api’s monopoly on the country’s rail network.
Discussing financing of the project, Sukrisno said the joint venture had finalized arrangements with the Export-Import Bank of China this month.
“China Exim Bank has committed to finance 85 percent of the project, up from 70 percent previously,” he said.
The rail project will allow Bukit Asam to significantly boost output from its Banko mine. Currently, the mine produces around 11 million to 12 million tons of coal a year.
If the rail project is completed by 2013 as scheduled, coal output could be increased by 5 million tons in 2014, 10 million tons in 2015 and 22 million tons in 2016, Sukrisno said.
Source: The Jakarta Globe
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Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
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- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
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