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Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to start development on a new rail line in South Sumatra that would boost coal output.
The transport ministry had approved in principle a 307 km (191 miles) rail line connecting its coal mine in Central Bangko in South Sumatra province to the port of Lampung, on the southern tip of Sumatra island, Bukit Asam said in a statement.
"The approval gives certainty to start the rail project," the firm said, adding the new railway would have the capacity to transport 20 million tonnes of coal a year.
Bukit Asam, Indonesia's third-largest coal miner by market value, expects to start operations of the new railway in 2013.
The rail project will be carried out by a joint-venture company between Bukit Asam, PT Transpacific Railway Infrastructure and China Railway Engineering Corporation.
Bukit Asam and China Railway Engineering Corporation each hold a 10 percent stake in the joint venture, while PT Transpacific Railway Infrastructure has an 80 percent stake.
China Railway will be appointed engineering, procurement and construction (EPC) contractor and operator of the project.
Based on a 2007 feasibility study, the project would cost $1.06 billion, of which about 30 percent will be financed using internal cash and 70 percent from loans.
Bukit Asam, which has market value of $3.58 billion, has said it plans to increase its coal production to 50 million tonnes a year within five to six years by buying new mines and developing the new railway project.
The firm has signed a 20-year contract with state train operator PT Kereta Api to transport coal from its mine in South Sumatra to the port. [ID:nJAK519103]
Bukit Asam expected its coal output to be 12 million tonnes this year, up from 11 million tonnes in 2008, helped by the increased use of trains to transport coal.
Source: Reuters
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Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
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- Essar Steel Hazira Ltd - India
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- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Indian Energy Exchange, India
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- IHS Mccloskey Coal Group - USA
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- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
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- Singapore Mercantile Exchange
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- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
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- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
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- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
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- Semirara Mining and Power Corporation, Philippines
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- GMR Energy Limited - India
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- Parliament of New Zealand
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- Petron Corporation, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
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- Chamber of Mines of South Africa
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- Kartika Selabumi Mining - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
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- Africa Commodities Group - South Africa
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- Semirara Mining Corp, Philippines
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- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
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- Vizag Seaport Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
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- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
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- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
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- Electricity Generating Authority of Thailand
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- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
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- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
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- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- White Energy Company Limited
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
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- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
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- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
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- Formosa Plastics Group - Taiwan
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- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
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- Mintek Dendrill Indonesia
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- Tata Chemicals Ltd - India
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- Energy Link Ltd, New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
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- Directorate General of MIneral and Coal - Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
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- Central Electricity Authority - India
- Interocean Group of Companies - India
- Independent Power Producers Association of India
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- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
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- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
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