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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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Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
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- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Australian Coal Association
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
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