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Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL

 

Souce: Insider Stories


Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed to supply 1.85 million tons of coal worth of Rp 900.50 billion (US$ 99,502,762) to two power plants this year. 

In a press release today, Bukit Asam's Corporate Secretary said under the coal contracts agreement, Bukit Asam committed to supply coal to two power plants PLTU Tarahan in Lampung and PLTU Bukit Asam, South Sumatra.  

"The Coal price for supply to PLTU Tarahan has been agreed 8.6% higher than previous or Rp 570,000 (US$ 62.98)  per ton. Bukit Asam has to supply of 750,000 tons of coal with calorific Value of 5,000 kcal/kg on GAR  basis" he said.

According to him, Bukit Asam also agreed to increase coal price of 5.5% to Rp 430,000 (US$ 47.51) per ton. The company will supply 1.1 million tons of coal with 5,000 kcal per kg GAR.

The increased coal prices will be effective for the whole year of 2010.. (1 IDR = 0.000110497 USD)
 



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Recent News

Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...


Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvi ...


Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...


Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...


Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points. In  May 2010 the BDI touched 4,209 ...


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