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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, 07 March 13
PANAMAX : POSITIVE TREND; CAPESIZE : GRADUALLY SLIDE - FEARNLEYS AS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 22k and Black sea-feast was at USD 12k. The ...
Tuesday, 05 March 13
NEWCASTLE PORT SHIPPED 20.77 PERCENT MORE COAL W/E 4 MARCH 2013
COALspot.com - Newcastle port in Australia has loaded 2,631,562 MT of thermal and coking coal for a week ended 0700 hours 4 March 2013, Newcas ...
Sunday, 03 March 13
INDONESIAN THERMAL COAL SWAPS; CHINA CONTRACTS FALL W-O-W
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 0.75 percent and CFR South China coal shipment&nbs ...
Sunday, 03 March 13
FREIGHT MARKET FROM INDONESIA EXPECTED TO BE FIRM - VISTAAR
COALspot.com – The freight market has been fairly firm this week except for cape size index.
The BDI was up by 4.64 points closing at 776 p ...
Thursday, 28 February 13
INDIA HAS INCREASED CUSTOMS DUTY AND COUNTERVAILING DUTY FOR POWER PLANT COAL
COALspot.com : The government of India raised basic customs duty and countervailing duty on steam coal. In the meantime government has reduced& ...
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- McConnell Dowell - Australia
- Interocean Group of Companies - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
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