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Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
 The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to help it build the proposed $1.06 billion coal-transportation railway in Sumatra unless its existing joint venture starts work by April.
Bukit Asam formed a joint venture with privately owned PT Transpacific Group and China Railway Engineering Corp. to build the railway but little progress has been made over the past two years.
“They [Bukit Asam] reported that the deadline to start the project is April. If they miss the target then they have to search for another partner because the current [joint-venture] contract will end in April,” Mustafa Abubakar, the minister for state-owned enterprises, told reporters on Friday.
Transpacific owns 80 percent of the shares in the joint venture, PT Bukit Asam Transpacific Railway, with Bukit Asam and China Railway Engineering both holding 10 percent.
A source close to the joint venture claimed that Transpacific had been unable to find financing and that Bukit Asam had been forced to secure financing alone, holding up progress.
It has been widely reported that tycoon Prajogo Pangestu acquired Transpacific late last year. No-one from Transpacific was available to comment.
Mustafa hinted that there is an investor from China waiting on the sidelines if the deal with Transpacific falls apart. However, he declined to disclose the name of the investor.
The Sumatra railway project is the key to increasing Bukit Asam’s coal production.
“It will double Bukit Asam’s production of because of the enhanced transportation of the coal,” Mustafa said.
Mustafa said the lengthy delay in starting the project has caused costs to escalate but he declined to disclose figures.
Last month, a source close to the project told the Jakarta Globe that further delays would see the cost of the project rise by more than 10 percent. Bukit Asam president director Sukrisno confirmed on Sunday that the project faced more delays and that costs would rise but he declined to confirm the 10 percent figure.
“We are currently finalizing the EPC [engineering, procurement and construction] contract with China Railway Engineering. If it’s not finalized then we can’t start,” Sukrisno said.
“There has been an increase in the project value and therefore we have to evaluate and negotiate first.”
He added that he hoped to resolve the negotiations with China Railway Engineering and begin construction this quarter.
The project involves the construction of a 300-kilometer railway from Bukit Asam’s Banko coal mine in South Sumatra to the port of Srengsem in Lampung. Plans for the railway were originally unveiled in 2006.
The project initially faced delays because the government did not issue implementing regulations for the 2007 Railway Law until October. Completion of the project would mark the first time private investors have held a controlling stake in a railway since state-owned railway operator PT Kereta Api took over the nation’s railways in 1963.
Source: The Jakarta global - By Yessar Rosendar
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Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
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- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- The University of Queensland
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
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