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Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
 Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their coal terminal project at Cigading Port, Cilegon, Banten Indonesia - Cigading International Bulk Terminal.
The historical moment was inaugurated by Governor of the Province of Banten , Hajah Ratu Atut Chosiyah, and witnessed by Head of Office - Directorate General for Sea Transportation, Ministry of Transportation of Republic of Indonesia, Capt B. Soegiharto. Also present at the event were President & CEO of MTD Group, YBhg Dato’ Azmil Khalid; President Director of PT Krakatau Steel (KS), Fazwar Bujang; President Director of PT Krakatau Bandar Samudera (KBS), Zamhari Hamid; MTD Directors and senior management team.
PT Cigading International Bulk Terminal (CIBT) has secured the exclusive rights from PT Krakatau Bandar Samudera to develop, run and operate the coal terminal for the loading, stacking and discharging for export of coal at the Cigading Port, Indonesia for the period of 32 years on 13th July 2007.
The company is a 95% subsidiary of Sinomast Metacorp (Labuan) Ltd; a 50:50 joint-venture company between Metacorp Berhad (Metacorp) and Indonesia’s PT. Bintang Sinomast Limited. Metacorp inturn, a subsidiary of Malaysia’s conglomerate MTD Capital Berhad, is engaged among others in building and highway constructions, toll management, manufacturing of construction materials, property development, energy and waste management.
“CIBT aimed to be a world class coal terminal operator apart from to build strong reputation. This has become the main challenge for MTD as new player in the port industry. Neverthelesss, we believe with the constant support and cooperation provided by the local authorities and Indonesian government in general, will help us to achieve our mission,” said Dato’ Azmil Khalid, President & CEO of MTD Group.
“From a humble start, we began the Cigading Port project, marked by the ground breaking ceremony in June 2008 in this bare land. As we promised, 3 years later, what you see here today is our proof of our promise. Our vision, along with PT Krakatau Bandar Samudera (KBS) is to expand the existing port facilities to become a world class bulk terminal port with superior solutions for bulk cargo requirements.
To Indonesia we present facilities which we expect to be useful for Indonesia’s economy in general and the coal industry in particular, an international level bulk coal port, Cigading International Bulk Terminal, which has coal handling equipment and technology which can guarantee safety and health better and is environmentally friendly, and therefore will be considered by world class industry players,” he continued.
Energy demands which can no longer be fulfilled by fossil fuels have forced the world to turn to coal. For Indonesia, which is one of the biggest coal producing countries in the world, this is a blessing, making Indonesia an important country in the world. Nevertheless, this condition should be accompanied by adequate transport facilities to ensure coal supplies for domestic as well as foreign industries.
“As Governor of the Province of Banten, who has supported this project since the beginning and has witnessed the corner-stone laying for this project, we open the door widely for Metacorp Berhad, a subsidiary of the MTD Group Malaysia to invest its capital in Banten and express our gratitude for the joint venture with PT Krakatau Bandar Samudra, a subsidiary of PT Krakatau Steel which has chosen Banten to develop its business, which will not only boost the value of investing in Banten in the eyes of the national and international world, but will also absorb local manpower which of course will increase regional revenues and provide prosperity for Banten’s people,” said Hajah Ratu Atut Chosiyah, Governor of the Province of Banten,
“PT Cigading International Bulk Terminal (CIBT) as the company which manages the terminal’s facilities is the business partner of PT Krakatau Bandar Samudera (KBS), a subsidiary of PT Krakatau Steel (KS), which has granted exclusive rights to build, finance and operate this sophisticated international bulk terminal in the Cigading Port area. Without the cooperation from all parties, particularly Metacorp Berhad’s investment, we would not be able to realize the operation of this terminal. Therefore we want to express our gratitude to Metacorp Berhad,” stated Fawzar Bujang, President Director of PT Krakatau Steel.
About Cigading International Bulk Terminal and Its Partners
PT. Cigading International Bulk Terminal (CIBT) is a company that is 95 % owned by Sinomast Metacorp (Labuan) Ltd. a 50-50 joint venture between Metacorp Berhad (Metacorp) and PT Bintang Sinomast Limited. Metacorp is a subsidiary of MTD Capital Bhd, a Malaysian conglomerate and PT Bintang Sinomast Limited is an international joint venture. Currently CIBT continues to establish a strong and professional management team which has a commitment to be faithful to the company's vision and mission. It is believed that CIBT will become one of the international bulk terminals in Indonesia to be considered by global market players. For further information please visit www.cibt.co.id.
About Metacorp Berhad
Metacorp Berhad is a subsidiary of MTD Capital Bhd, a Malaysian conglomerate among others engaged in the construction of buildings and roads, management of toll roads. production of building materials, and property development throughout the world. For further information please visit http://www.metacorp.com.my/.
About PT Bintang Sinomast Limited
PT Bintang Sinomast Limited is an international joint venture company with experience and expertise in operating barges and ship towing, mine engineering, and bulk cargo logistics.
About PT Krakatau Bandar Samudera (KBS)
PT Krakatau Bandar Samudera is a business unit which concentrates on handling bulk in the form of raw iron ore, dry bulk (gypsum, raw sugar, corn, soybeans and others) and other cargo such as coal and scrap. It operates in Cigading Port, an area where the Cilegon heavy industry zone is located. For further information please visit http://www.cigadingport.com
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Sunday, 20 November 11
THE FREIGHT MARKETS EXPECTED TO BE FIRM NEXT WEEK - VISTAAR
COALspot.com - The market continued to move up with all sectors gaining except for handy size.
The BDI was up by 3.26 pct and closed at 1895 poin ...
Friday, 18 November 11
MMTC SEEKS 1.365 MMT OF IMPORTED COAL
COALspot.com - India's MMTC, the largest trading company of India and a major trading company of Asia, has issued a term supply tender for 1.365Mt ...
Friday, 18 November 11
KPC, ARUTMIN OUTPUT REACHED 47.1 MIO TONS - INSIDER STORIES
PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, reported 47.1 million tons of coal production in 9M 2011, according to Indiser Stories.
Insi ...
Friday, 18 November 11
THE ATLANTIC SUPRAMAX MARKET EXPERIENCED A STEADY AND FIRM TENDENCY
Handy
The Atlantic Supramax market experienced a steady and firm tendency this week. Especially the North Atlantic and Mediterranean position ...
Friday, 18 November 11
BERAU COAL 9M PROFIT SOARS 194.46% - INSIDER STORIES
Insider Stories reported that, PT Berau Coal Energy Tbk (BRAU), which is 84.7% owned by Bumi Plc, reported a 194.46% jump in net profit by end of Se ...
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- Leighton Contractors Pty Ltd - Australia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
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