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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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Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
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- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Commonwealth Bank - Australia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Planning Commission, India
- Sojitz Corporation - Japan
- White Energy Company Limited
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
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