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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 $1.2 billion up until 2012,” Jeffrey said.
MEC Coal’s subsidiary, PT Tekno Orbit Persada, has two mines in Muara Wahau with two billion tons of proven coal reserves. It expects to start production this year and to be selling 32 million tons a year by 2015.
When contacted by the Jakarta Globe, Mashael Al Naimi, head of corporate communications for MEC, wrote in an email that at the current time MEC had no intention forming joint ventures with other companies in East Kalimantan.
Edwin Sinaga, president director of brokerage firm PT Finacorporindo Nusa noted that international companies generally deny the existence of deals before they have been completed to avoid confusion in the market.
Source: The Jakarta Globe
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Sunday, 17 January 10
THE FUTURES FOR THREE YEARS (2010 - 2012) FIRMED UP - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market was a bit mixed with BDI up by about 159 points and closed at 3,299 points.
BDI
The cape index cont ...
Sunday, 17 January 10
NTPC TO DOUBLE CAPACITY BY 2017
NTPC, which will launch its follow-on public offer on February 3, plans to more than double its generating capacity to over 70,000 mega watts by 201 ...
Saturday, 16 January 10
HANDY CONTINUED FIRM CONDITIONS FOR MARKET IN THE ATLANTIC
HANDY
Continued firm conditions for the Handymax / Smax market in the Atlantic with the BSI having a continued upwards momentum. US$ 45,000 ac ...
Friday, 15 January 10
INDONESIA COAL - HEAVY RAINS HAVE LITTLE IMPACT ON COAL OUTPUT
Coal shipments from Indonesia's main coal-producing area are unlikely to be hit by heavy rains during January-February as many miners are prepared ...
Friday, 15 January 10
GOVT BRINGS IN DOMESTIC COAL MARKET OBLIGATION
The Energy and Mineral Resources Ministry has issued a ministerial decree requiring producers of coal and other minerals to allocate a proportion ...
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- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- PTC India Limited - India
- The University of Queensland
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
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