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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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Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
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- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Australian Coal Association
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
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