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Wednesday, 27 March 13
PTBA HAS CONCLUDED US$ 16.14 BILLION WORTH OF COAL SALES AND PURCHASE AGREEMENT WITH PLN
 COALspot.com - PT. Bukit Asam, a 32 years old Indonesian state owned coal miner has signed a coal sales and purchase agreement with PT PLN, (a state owned electricity producer and distributor) to supply 262.2 million ton of coal for 20 years. According to company's note received by COALspot.com, mixed quality of coal such as calorific value of 4200 kcal/kg (GAR basis), 4700 kcal/kg GAR and 4900 kcal/kg GAR will be supplied on FOB Tarakan to PLN under the new agreement signed Yesterday.
Indonesian government declared coal reference price will be used to supply total quantity. Based on current Indonesian coal reference price (HBA), the total value of the contract is around US$ 16,140,639,457 (IDR 157 Trillion). President Director of PTBA, Milawarma and President Director of PT PLN, Nur Pamuji on Tuesday 26 March 2013, signed this high value coal sales and purchase agreement in Jakarta.
PTBA said, the annual coal supply will increase on a year basis, in line with the progress of the completion of the 10,000 MW Phase 1. PTBA will supply 2.45 million tons of coal in 2013 and it will be increased gradually up to 23.40 million ton per annum by 2030.
PTBA and PLN have agreed to determine the price of coal on yearly basis using Indonesian government declared coal reference price and the railway cost per ton from Tanjung Enim mine site to Tarahan Port. All contracted quantity will be supplied on FOB Tarahan basis.
According to PTBA, the company has signed total 537.50 million tons of coal supply contracts since 2012 until March 2013 with various utilities in Indonesia.
By signing the latest 262.60 million tons of coal sales and purchase agreement with PLN, PTBA has concluded to sell 537.5 million tons of coal to Indonesian power plants as well as fertilizer plants. In addition to a sales agreement with PT PLN, PTBA has also concluded to supply 51.80 million tons of coal to PT. Indonesia Power ( another subsidiary of PLN) for 10 years starting from 1 January 2013 until 31 December 2022.
PTBA will supply coal with calorific value 5000 kcal/kg on GAR basis on FOB Tarahan Port to PT. Indonesia Power.
In year 2012, PTBA has signed 223.1 million tons coal supply agreement. PTBA agreed to supply , 150 million tons of coal for 25 years or around 6 million tons coal annum to PT. Huadian Bukit Asam Power for its 2 X 620 MW Banko Tengah Power Plant, located near to Banko Mine, Tanjung Enim, Sumatra.
In the same year, PTBA has also signed an another agreement to supply 68.60 million tons of coal for 30 years to PT. Pupuk Indonesia Holdings which owns number of fertilizer plants in Indonesia. An another 4.5 million tons coal supply contract has been signed with PT. Sumber Segara Primadya, which operates a power plant in Cilacap in Central Java.
About PT. Bukit Asam
The coal mining in Tanjung Enim was initiated by the Dutch Colonial Government in 1919 by operating the first coal mine using open pit mining method in Air Laya. Using underground mining method, initial operation commenced in 1923 and lasted until 1940, while commercial production began in 1938.
When the Dutch Colonial period ended in Indonesia, the mining workers fought for the nationalization of the mines. In 1950, the Indonesian Government approved the establishment of State-Owned Bukit Asam Coal Mine or Perusahaan Negara Tambang Arang Bukit Asam (PN TABA).
In1981, PN TABA converted its status to a limited liability company under the name of PT Tambang Batubara Bukit Asam (Persero) Tbk, further called the Company. To develop coal industry in Indonesia, in 1990 the Government merged Perum Tambang Batubara with the Company.
In line with the national energy security development program, in 1993 the Company was assigned by the Government to develop coal briquette business. On December 23, 2002 the Company became a publicly listed company on the Indonesian Stock Exchange under the code of “PTBA”. (Source: company’s website)
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Thursday, 20 June 13
CAPESIZE : FINALLY A SUBSTANTIAL IMPROVEMENT IN RATES! - FEARNLEYS A.S
Handy
Atlantic market kept a steady curve from last week. US Gulf positions fetched tick above USD 21k for Cont/Skaw direction, and vessels fixed f ...
Wednesday, 19 June 13
NEWCASTLE SHIPPED 16.05 PERCENT LESS COAL W/E 17 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 2,606,071 tons of coal for the week ended 0700 hours 17 June 2013, Newcastle Port Corp. ...
Sunday, 16 June 13
WEAK DEMAND KEEPS COAL PRICES LOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 2.94 percent week on week but gained 0.06 percent ...
Saturday, 15 June 13
S7 AND S8 ROUTES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week freight movement was fairly firm with news of China is rebuilding iron ore stockpiles, and ease import rules. Cape and Pana ...
Saturday, 15 June 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO AND A HALF YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, accordin ...
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- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
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- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Australian Coal Association
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- London Commodity Brokers - England
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- The University of Queensland
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
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