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Monday, 28 December 09
INDONESIAN MINER LINKED TO FUGITIVE FINANCIER
 The Energy Ministry is unlikely to approve the transfer of ownership of coal miner PT Riau Baraharum on allegations it is indirectly owned by fugitive Agus Anwar, who was charged with misusing bailout funds his banks received during the 1997-98 Asian financial crisis.
“We are still evaluating the company’s proposal for changing its shareholder structure and management,” Bambang Setiawan, the ministry’s director general of minerals, coal and geothermal energy, told the Jakarta Globe on Sunday.
Agus, the owner of PT Bank Pelita and PT Instimarat, fled to avoid repaying $47.3 million in rescue funds to the Indonesian Bank Restructuring Agency.
A document received by the Jakarta Globe shows the Attorney General’s Office asked the Energy Ministry not to approve any shifting of the Pekanbaru-based Riau Baraharum’s assets. Although the document was sent from an unknown source, Bambang confirmed the accuracy of the letter.
According to the document, Agus is a major shareholder of Singapore-based company Shining Hope. The acknowledged owner of the miner is the Barki family, but Shining Hope’s reported use of Riau Baraharum as collateral for a debt issue throws this in doubt.
Early in March, the Corruption Eradication Commission asked the Finance Ministry to seize the miner’s assets should any evidence materialize that Agus held a stake in the company.
Bambang said Riau Baraharum had submitted a proposal for a new ownership structure, including Shining Hope, in February.
However, he said the AGO had already made a recommendation against the move in November 2008, effectively halting the process before it began.
Bambang said his office sent a letter to Riau Baraharum on Aug. 28 in which the proposal to change ownership was denied. “We recognize only the Barki family as owning Riau Baraharum.”
In response to speculation that the miner had already changed hands, Bambang reiterated that the Barki family controlled the miner and that the government would not pull its mining license based on rumors.
“There are no problems with the Barki family, so we will not take any action, including termination of its mining license,” he said.
Source: The Jakarta Globe
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Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Mercuria Energy - Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
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