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Wednesday, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owned electricity company to supply 180 million tons of low rank coal for 20 years from 2011.
In a press release from Bukit Asam published this afternoon, Bukit Asam's Corporate Secretary Achmad Sudarto said, "the coal supply will be around up to 9 million tons of coal per annum".
"This new coal supply contract is an addition to existing contracts Bukit Asam is having with state owned electricity company", he further said. PTBA is currently supplying coal to PLTU Suralaya, PLTU Tarahan, and PLTU Bukit Asam and majority of coal produced by PTBA is currently supplied to PLN.
Bukit Asam has committed to supplying coal with calorific value 4,700 - 5,000 kcal/kg (ADB) or equals to 3,750 -4,588 kcal/kg (GAR), according to press release. Bukit Asam and PLN haven't decided the price for coal to be supplied to PLN. Bukit Asam will discuss and finalize the price by the end of this year for next year deliveries.
(By Insider Stories)
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Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
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- New Zealand Coal & Carbon
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Minerals Council of Australia
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- Leighton Contractors Pty Ltd - Australia
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