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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 Kwong sealed a coal agreement with TP Utilities Pte Ltd (TPU) on January 28 to supply 13.36 million metric tons for 15 Years to TPU Tembusu Multi-Utilities Complex, owned by TPU.

Based on company's  disclosure to Indonesia Stock Exchange (IDX), Bayan Resources Director Jenny Quantero and Russel Neil stated that, the agreement will be valid for 15 years, commencing from 2012.

TPU is a subsidiary of Singapore-based power plant company Tuas Power Ltd.

At this point, TPU manages TPU Tembusu Multi-Utilities Complex that currently still under construction.  The complex will provide integrated facility services for industries around Tembusu in Jurong Island, Singapore.



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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...


Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...


Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...


Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...


Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...


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