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Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS


Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan Listrik Negara (PLN) at up to 25 percent higher than a year ago.

The firm said in a statement it would supply 1.1 million tonnes of 5,000 kcal/kg gross as-received (GAR) coal to PLN's Bukit Asam mine mouth power plant in South Sumatra at 407,500 rupiah ($39.83) a tonne, up 25.4 percent from 325,000 rupiah a tonne last year.

It also sold 750,000 tonnes of coal of similar calorific value to PLN's Tarahan power plant in South Sumatra at 525,000 rupiah a tonne, up 20.3 percent from 436,500 rupiah a tonne in 2008.

Bukit Asam expects its revenue to grow by 20 percent this year on the back of higher prices and volumes.

The firm is targeting a 13 percent rise in coal sales to 14.5 million tonnes this year.

The company -- Indonesia's third-largest listed coal miner by market value -- has said it planned to increase coal production to 50 million tonnes a year within five to six years helped by mine acquisitions and a railway expansion plan

Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK47174720090602



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Thursday, 04 June 09
CHINA QINHUANGDAO COAL STOCK JUMPS BY 36.2% MOM - STEELGURU
SteelGuru reported that, Sources indicated that, coal stock at Qinhuangdao port, China's major coal port has reached 4.88 million tonnes increasing ...


Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...


Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...


Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...


Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...


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