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Friday, 22 January 10
BHAKTI ENERGI IN TALKS OVER COAL VENTURES IN KALIMANTAN
 PT Bhakti Energi Persada, one of Indonesia’s biggest miners of brown coal, revealed on Thursday that it was in talks to form a joint venture with MEC Coal and MEC Infra, subsidiaries of Dubai-based MEC Holdings, and the Ras Al Khaimah Investment Authority.
“We’re in preliminary talks with MEC to find ways to cooperate because both companies have mine sites near Muara Wahau, East Kutai district, East Kalimantan,” said Jeffrey Mulyono, president director of Bhakti Energi. “It’s not decided yet but it could be a joint venture on transportation and coal sales.”
MEC and Ras Al Khaimah are planning a $5.2 billion integrated energy project in East Kalimantan, including a coal railway.
“MEC plans to purchase some of our coal while we hope we can transport our coal through their railway, too,” he said.
Jeffrey added that the cooperation will be focused on meeting the growing demand for coal from India’s power plants, where Bhakti Energi’s brown coal, which is low-grade coal, is used as a blending ingredient for higher-rated thermal coal.
Indonesia is the world’s fourth-biggest exporter of thermal coal. Of the 254 million tons produced last year, 78 percent was exported, mostly to China and India, the world’s two biggest importers.
This year, output from Indonesia’s coal producers is expected to total 280 million tons.
MEC Holdings is a subsidiary of the Dubai-based Trimex Group, which invests in the energy and mineral sectors. In December, it announced plans to invest $5.2 billion in East Kalimantan along with Ras Al Khaimah and India’s largest aluminum producer, National Aluminium Co. The development will include 130 kilometers of railway to transport coal and crude palm oil, a coal terminal, aluminium smelter and power plant.
Bhakti Energi is controlled by Benny Subianto and Teddy P Rachmat, two Indonesian businessmen who also hold stakes in the country’s second-biggest coal producer, PT Adaro Indonesia.
The company has eight subsidiaries, of which seven are located in the Muara Wahau district, with total estimated coal reserves of 5.7 billion tons.
“All of Bhakti Energi’s concessions in Muara Wahau are currently undergoing pre-production preparations as the company plans to spend at least $200 million in capital expenditure this year to build our infrastructure and heavy equipment,” Jeffrey said.
He said the company would produce 1.4 million tons a year by next year and two million tons by 2012.
“The company is ideally looking for an investment of at least $1.2 billion up until 2012,” Jeffrey said.
MEC Coal’s subsidiary, PT Tekno Orbit Persada, has two mines in Muara Wahau with two billion tons of proven coal reserves. It expects to start production this year and to be selling 32 million tons a year by 2015.
When contacted by the Jakarta Globe, Mashael Al Naimi, head of corporate communications for MEC, wrote in an email that at the current time MEC had no intention forming joint ventures with other companies in East Kalimantan.
Edwin Sinaga, president director of brokerage firm PT Finacorporindo Nusa noted that international companies generally deny the existence of deals before they have been completed to avoid confusion in the market.
Source: The Jakarta Globe
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Tuesday, 19 January 10
COAL FOR DOMESTIC USERS
While the government is already almost a year behind schedule in issuing regulations to implement the new mining law, mineral producers have been&nb ...
Tuesday, 19 January 10
RISING DEMAND FROM POWER FIRMS TO PUSH COAL PRICES
The resurgence of the Chinese economy, along with harsh winter conditions across the country, is likely to push coal prices up in the short term. In ...
Tuesday, 19 January 10
ESSAR'S MEGA ACQUISITION PLANS
India’s Essar Group has carved a mega plan that includes a slew of acquisitions and investments in assets across various businesses. CNBC-TV18 ...
Monday, 18 January 10
INDONESIA SHIPPED 15.90 PERCENT OF TOTAL COAL EXPORTS IN 2009 TO INDIA
COALspot.com (Indonesia): Indonesia, the world largest coal exporter, exported 19.07 percent of the total coal export in 2009 to China and 15. ...
Monday, 18 January 10
BHP TO SPEND $267 MILLION ON QUEENSLAND COKING COAL
BHP Billiton Ltd, the world’s largest mining company, will spend $267 million to accelerate development of the Caval Ridge mine and the Hay Po ...
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- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Planning Commission, India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- CNBM International Corporation - China
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