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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, 21 March 13
HANDY : RBCT ROUNDS FIXED AT $ 9000 + 300K BB - FEARNRESEARCH
Handy
The Atlantic market remains firm with cargoes seen to support healthy rates as per last week. The USG-Feast was at USD 25k and Black Sea-Feas ...
Wednesday, 20 March 13
NTPC TO IMPORT SEVEN MILLION TONS COAL FOR FOUR MONTHS
COALspot.com : NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company has awarded&n ...
Tuesday, 19 March 13
CHINA GAS PRICE REFORMS AND APAC GAS PRICING - FITCH STREET VIEW
Fitch Ratings says pricing reform in the Chinese gas sector is unlikely to materially impact gas distributors' margins, and low gas prices in the U ...
Tuesday, 19 March 13
NEWCASTLE COAL EXPORTS FALL BY 4.27 PERCENT ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,365,561 MT of thermal and coking coal for week ended 0700 hours 18 March 2013, Newcast ...
Tuesday, 19 March 13
SHIP PRICES COULD BE CLOSING IN TO REACH THEIR BOTTOM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
One of the latest developments in shipping asset prices has been the reluctance from shipyards to further reduce their price expectations to higher ...
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- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Australian Coal Association
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
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