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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

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 ...


Saturday, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...


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