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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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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
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- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
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- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
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- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
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- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
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- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
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- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
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- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Star Paper Mills Limited - India
- Economic Council, Georgia
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- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
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- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
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- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
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- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
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