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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, 24 January 13
DRY BULK MARKET FALLS ON TROPICAL CYCLONE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been on the downside during the past couple of days, mainly as a result of the tropical storm which forced ports to close do ...
Tuesday, 22 January 13
PORT OF ANTWERP HANDLES 7.0 PERCENT MORE COAL IN 2012 Y-Y
COALspot.com - The port of Antwerp handled 184,134,516 tonnes of freight last year.
This represents a drop of 1.6% compared with 2011, when the v ...
Monday, 21 January 13
NEWCASTLE PORT SHIPPED 10.21 PERCENT LESS COAL W/E 21 JANUARY 2013
COALspot.com - Newcastle port in Australia has loaded 2,804,152 MT of thermal and coking coal for week ended 0700 hours 21 January 2013, Newca ...
Monday, 21 January 13
PANAMAX DRY BULK CARRIERS AND AFRAMAX TANKERS PROVED TO BE THE "WEAPON OF CHOICE" FOR MOST SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With ship financing getting ever so difficult to procure during the past year or so, ship owners had to get creative in order to persuade banks and ...
Sunday, 20 January 13
Q1 & Q4 SUB-BIT FOB INDONESIA COAL SWAPS: FIRM
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) and CFR South China coal shipment for average Q1’ 2013 delivery have gained 0.81percent and ...
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- Star Paper Mills Limited - India
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- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
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- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- PTC India Limited - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
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- The University of Queensland
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- Minerals Council of Australia
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- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
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- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
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- Bulk Trading Sa - Switzerland
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- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
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- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
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- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Australian Coal Association
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- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
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- Orica Australia Pty. Ltd.
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