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Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam Transpacific Railway (BATR). "We have appointed PricewaterhouseCoopers as the consultant. We are now calculating the possibilities,” said Sukrisno, from the State-owned Enterprises Ministry.
BATR is a coal train construction project in Tanjung Enim, South Sumatra which will connect to a new port in Lampung. The transportation capacity is estimated to be 25 million tons per year with a railway stretching for 307 km. The construction design contract of the project, worth US$1.3 billion, was signed in March 2010, as quoted by TEMPO Interactive.
PTBA currently holds 10 percent of shares in the project. The other shareholders are China Railway Group (10 percent) and Rajawali Group through PT Transpacific Railway Infrastructure (80 percent).
The share increase will be done by transferring the shares owned by Rajawali in BATR, which will allow PTBA to own 30 percent of shares.
China Railway Group’s shares will remain 10 percent and Rajawali’s 60 percent. “If I’m not mistaken, the ground breaking will be this November. We expect the result can be achieved before that," Sukrisno said.
PTBA has prepared US$320 million to buy the additional shares, 30 percent of which is taken from internal funding and 70 percent from bank loans.
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Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- MS Steel International - UAE
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
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