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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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Recent News

Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...


Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...


Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...


Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...


Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...


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