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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
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Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
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- Australian Commodity Traders Exchange
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- Mercuria Energy - Indonesia
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- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Australian Coal Association
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
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- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Thai Mozambique Logistica
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- Anglo American - United Kingdom
- ASAPP Information Group - India
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- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
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- Global Business Power Corporation, Philippines
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- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
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- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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