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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 help it build the proposed $1.06 billion coal-transportation railway in Sumatra unless its existing joint venture starts work by April.
Bukit Asam formed a joint venture with privately owned PT Transpacific Group and China Railway Engineering Corp. to build the railway but little progress has been made over the past two years.
“They [Bukit Asam] reported that the deadline to start the project is April. If they miss the target then they have to search for another partner because the current [joint-venture] contract will end in April,” Mustafa Abubakar, the minister for state-owned enterprises, told reporters on Friday.
Transpacific owns 80 percent of the shares in the joint venture, PT Bukit Asam Transpacific Railway, with Bukit Asam and China Railway Engineering both holding 10 percent.
A source close to the joint venture claimed that Transpacific had been unable to find financing and that Bukit Asam had been forced to secure financing alone, holding up progress.
It has been widely reported that tycoon Prajogo Pangestu acquired Transpacific late last year. No-one from Transpacific was available to comment.
Mustafa hinted that there is an investor from China waiting on the sidelines if the deal with Transpacific falls apart. However, he declined to disclose the name of the investor.
The Sumatra railway project is the key to increasing Bukit Asam’s coal production.
“It will double Bukit Asam’s production of because of the enhanced transportation of the coal,” Mustafa said.
Mustafa said the lengthy delay in starting the project has caused costs to escalate but he declined to disclose figures.
Last month, a source close to the project told the Jakarta Globe that further delays would see the cost of the project rise by more than 10 percent. Bukit Asam president director Sukrisno confirmed on Sunday that the project faced more delays and that costs would rise but he declined to confirm the 10 percent figure.
“We are currently finalizing the EPC [engineering, procurement and construction] contract with China Railway Engineering. 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.”
He added that he hoped to resolve the negotiations with China Railway Engineering and begin construction this quarter.
The project involves the construction of a 300-kilometer railway from Bukit Asam’s Banko coal mine in South Sumatra to the port of Srengsem in Lampung. Plans for the railway were originally unveiled in 2006.
The project initially faced delays because the government did not issue implementing regulations for the 2007 Railway Law until October. 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.
Source: The Jakarta global - By Yessar Rosendar
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Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
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- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
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