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Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
 * New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption last beyond 6-mth
Reuters reported that, Singapore-listed coal miner, Straits Asia Resources, said on Thursday the new coal loading facility at its Jembayan mine in Indonesia's East Kalimantan province has collapsed due to heavy rain.
The company did not say whether there were any casualties.
Straits Asia said it is investigating the extent of damage and the potential impact on the future operation of the newly commissioned facility. It said the facility will not be able to load its coal output for "some time".
UBS said in a research note that it might lower its valuation on the company if the disruption lasts longer than six months.
Straits Asia blamed the collapse on several days of rain in the area, which caused erosion and the failure of the foundation structure of the facility.
The company said the Jembayan mine site operates two load out trains at the mine, and the old facility, with a nominal annual capacity of 5.5 million tonnes, "does not appear to be affected by this event."
"All other mining activities at Jembayan continue to function normally and all reasonable steps are being undertaken to mitigate the impact of this event," the company said in a statement to the stock exchange.
Straits Asia, which exports most of its output to power plants in Japan, Korea, Taiwan and India, plans to boost its production from its two coal mines in East Kalimantan province to 9.5 million tonnes in 2009, from 8.6 million tonnes last year.
UBS analyst Andreas Bokkenheuser said in a note that the company should be able to achieve 8 million tonnes of output this year.
"If the loader won't be operational for another six months, our scenario analysis suggest a 10 percent downside from our current S$2.50 ($1.80) valuation to S$2.25," Bokkenheuser said.
The announcement came after the stock market closed. Straits Asia's shares had finished 1.38 percent higher to end at S$2.21, outperforming the broader market .FTSTI which finished 0.62 percent higher. ($1=1.392 Singapore Dollar)
Source: Reuters
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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- Mercuria Energy - Indonesia
- VISA Power Limited - India
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
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