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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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Showing 6081 to 6085 news of total 6871 |
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- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- The University of Queensland
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- The Treasury - Australian Government
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
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