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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, 28 February 13
SHIP OWNERS EXPECTED TO FACE A CHALLENGING YEAR, DESPITE THE FALL OF NEWBUILDING ORDERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Tonnage oversupply and a lagging growth in world trade demand are expected to keep shipping in the "red", despite a series of measures ado ...
Thursday, 28 February 13
PANAMAX : MARKET HAS SEEN A GOOD UPTURN OVER THE LAST WEEK - FEARNLEYS
Handy
The Atlantic saw more cargoes than last week and rates ticking upwards. The USG-Feast was at USD 19k and Black Sea-Feast was at USD 11k. The ...
Wednesday, 27 February 13
NEWCASTLE PORT IN AUSTRALIA SHIPPED 0.358 MILLION MT MORE COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,178,869 MT of thermal and coking coal for week ended 0700 hours 25 February 2013, Newc ...
Wednesday, 27 February 13
NEWLEAD HOLDINGS LTD. ANNOUNCES COAL SUPPLY AND DELIVERY CONTRACT
NewLead Holdings Ltd. yesterday announced that the Company has signed an agreement to supply and deliver 1.48 million metric tons of steam coal to a ...
Tuesday, 26 February 13
10TH CLEAN COAL FORUM WILL BE HELD ON JUNE 2013
CDMC Events will be presenting the 10th Clean Coal Forum 2013 on June 13 - 14, 2013 in Beijing,China.
It will make you understand regulatory asp ...
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- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Videocon Industries ltd - India
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- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
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- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
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- South Luzon Thermal Energy Corporation
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- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
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- White Energy Company Limited
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Planning Commission, India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
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