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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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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
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