We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
 State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, president director Sukrisno said on Wednesday.
The acquisitions, which Bukit Asam is aiming to complete in 2011, would help the company achieve its target of more than tripling annual production to 50 million tons of coal by 2014, he said.
“The Rp 1.5 trillion is allocated from our internal budget,” Sukrisno said. “After the Kalimantan acquisitions are finished, we will seek to acquire coal mines in Africa and Australia.”
He declined to name the two East Kalimantan mines but said negotiations were already being conducted.
Bukit Asam has previously said that it was interested in acquiring BHP Billiton’s stake in the Maruwai mine in Central Kalimantan. Sukrisno said the company had completed due diligence on the Maruwai stake and submitted a conditional offer to BHP in November.
PT Ciptadana Sekuritas analyst Sylvia Darmaji said Bukit Asam’s acquisition plans, both in Kalimantan and overseas, were quite feasible.
“If they seek loans for their acquisitions, it won’t be difficult for them as they have a clear financial record,” she said. However the feasibility of the planned international acquisitions would depend on the size of the mines, Sylvia said.
| “6.14 million tons of Bukit Asam coal will be exported to Japan, Taiwan, Malaysia, India, South Korea, Thailand and Pakistan in 2010” - PTBA |
Bukit Asam estimates that its 2009 net profit will increase by 50 percent from Rp 1.7 trillion in 2008, while revenue should increase at least 10 percent from Rp 9 trillion in 2008, he said.
The country’s third-largest listed coal miner, Bukit Asam is aiming to grow coal production from an expected 14 million tons in 2010 to 20.1 million in 2011, 25.1 million in 2013 and then a big jump to 50 million tons in 2014.
The company is also building two coal-fired electricity-generating plants near its mines in South Sumatra with capacities of 2,400 and 200 megawatts.
Bukit Asam is in negotiations with state electricity company PT Perusahaan Listrik Negara about the price PLN will pay for electricity from the plants.
Bukit Asam is also aiming to build three small power plants — with generating capacities of 30 MW, 16 MW and 20 MW — for its own use.
Of the 14 million tons of coal Bukit Asam expects to produce this year, 7.8 million tons will be sold domestically and 6.14 million tons will be exported to Japan, Taiwan, Malaysia, India, South Korea, Thailand and Pakistan. Japan is the biggest buyer. It is expected to take 1.3 million tons.
Source: The Jakarta Globe
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 15 February 10
MEC INFRA TO COMMISSION INDONESIA RAIL PROJECT
A joint venture between Ras Al Khaimah Investment Authority (Rakia) RAK Investment Authority and Minerals Energy and Commodities Holdings, a f ...
Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
|
|
|
Showing 5996 to 6000 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Australian Coal Association
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
|
| |
| |
|
