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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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Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...


Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...


Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...


Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...


Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...


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