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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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Tuesday, 05 February 13
CHALLENGER DEEP RESOURCES CORP HAS ENTERED INTO AN EXCLUSIVE MINING AND MARKETING AGREEMENT WITH KEM
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, PT Bestindo Energy, has entered into an Exclusivity Agreement r ...
Saturday, 02 February 13
ADARO TO INTRODUCE A NEW BRAND OF ENVIROCOAL, E4700, IN 2013
COALspot.com - Adaro Energy, an Indonesian and leading coal producer in country has achieved a record coal production during 4Q12 of 13.31 mil ...
Saturday, 02 February 13
FREIGHT MARKET MAY REBOUND AFTER CHINESE NEW YEAR - VISTAAR
COALspot.com - The freight market was soft and all the indices were down by around 5-7 pct this week.
The BDI was down 6.01 pct closing at 750 po ...
Friday, 01 February 13
ORPHEUS SELLS B26 COAL PROJECTS FOR US$ 2 MILLION TO FOCUS ON SOUTH KALIMANTAN
COALspot.com - Orpheus Energy Limited (ASX: OEG) has announced that it has sold its 51 percent equity stake in the East Kalimantan coal projects, Bl ...
Friday, 01 February 13
HANDY - FLAT; PANAMAX - FLAT TO WEAK; CAPESIZE - WEAK
Handy
The Atlantic market remained stable with no significant movement in rates. Rates from USG to FEast were around USD 17k and Black sea to Feast ...
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- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Australian Coal Association
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
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