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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, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
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Thursday, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
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- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Australian Coal Association
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
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