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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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Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
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- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
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