Permit 12 KP Paser Penajam Utara immediately abstracted

Tribun Kaltim
PENAJAM, – Superintendent Ekonomi Pemerintah Kabupaten (Pemkab) Paser Penajam Utara (PPU), Jono has recommended to Bupati PPU Andi Harahap, in order to immediately abstract 12 permit of mining (KP), because of assessed has impinged agreement is entered neglect its obligation to pay [for] fee fixed.
12 KP that will be abstracted
1. PT PPCI (Pasir Prima Coal Indonesia)
2. PT Dua-Dua Kutai Utama
3. PT Bara Utama Jaya
4. PT Penajam Prima Coal
5. PT Harapan Kota Tepian
6. PT Semoi Prima Lestari
7. PT Tranindo Resources
8. PT Penajam Prima Coal
9. PT Energi Penajam Mandiri
10. KSU Cipta Karya Tani
11. Koperasi Paser Raya
12. PT Catur Sugiarta
11 used up/finished KP
1. KSU Cipta Karya Tani
2. PT Tengin Sejahtera
3. PT Swah Brothers Abadi
4. PT Harjo Mas Makmur
5. PT Bara Energi Prima
6. PT Penajam Prima Coal
7. PT Penajam Prima Coal
8. PT Energi Penajam Mandiri
9. PT Semoi Prima Lestari
10.CV Atriani Lestari
11.PT Penajam Bara Energi
5 KP expressed cancelation
1. PT Lingkar Selatan Jaya
2. PT Dimensi Keajaiban Global
3. PT Harmoni Strong Trading
4. PT PT Fusion Ecxel
5. PT Mak Kado International
1 KP retires
PT Cipta Bara Sejahtera

India MMTC reissues 12.5 mln/T coal import tender

Kalimantan Coal
* MMTC reissues tender to supply India’s top power producer
* Tender includes new conditions to boost competition (Adds tender details)
NEW DELHI, Aug 31 (Reuters) -India’s MMTC (MMTC.BO) has reissued a tender to import 12.5 million tonnes of thermal coal with new conditions aimed at enhancing competition, a tender document posted on the company’s website showed.
The tender, for coal supplies to various plants of the country’s biggest power producer NTPC Ltd (NTPC.BO) in the current fiscal year ending March, will close on Sept. 16.
MMTC had issued a tender in May to import 12.5 million tonnes of coal but it was not awarded after Knowledge Infrastructure Systems complained that some tender terms meant only trader Adani would qualify [ID:nLE494747].
Coal-fired plants account for two-thirds of power generation in India and any delays to coal procurement will exacerbate India’s shortage of fuel for power generation.
According to the latest document, contract volumes would be split among three bidders in 50:30:20 ratio compared to 60:40 earlier.
The second and the third-lowest bidders will be awarded the contract if they match the lowest rates, otherwise the tender would be reissued for the remaining quantities. Bids submitted need to be for at least 6.25 million tonnes.
The new tender rules allow bids by any firm that had supplied 2 million tonnes of coal per year in the last three years to companies from specified industries like steel, power and cement.
Also, a deposit requirement had been fixed at 4 percent of the contract value compared to differential rates earlier, as reported by Reuters last week. (Reporting by Nidhi Verma; Editing by Valerie Lee)

Demand for coal returns to form

Kalimantan Coal

FELIX Resources says traditional coal export markets in Japan, Korea and Taiwan are almost back to full strength, in a sign of improving health among the region’s biggest coal buyers.
After yesterday reporting a 42 per cent rise in full-year profit to $267.6 million, the miner said steel mills in the long-established markets had recently returned to at least 80 per cent capacity.
Managing director Brian Flannery said while this was a promising sign, the coming months would test the strength of the rebound in demand.
”They’re probably not back to 100 per cent, but they’re probably not far from it,” Mr Flannery said of the miner’s traditional customers.
Felix – the subject of a $3.5 billion takeover bid from China’s Yanzhou Coal – will pay a fully franked dividend of 50¢, the same as last year, on October 30. The takeover offer of $16.95 a share, plus a $1 dividend, is awaiting approval from the Foreign Investment Review Board and an independent assessment from Deloitte.
Mr Flannery said he expected the company would send takeover documents to shareholders for their consideration towards the end of the month, but would not comment on progress with the FIRB.
But in a sign the market remains sceptical the approval will be granted, Felix shares have traded below the offer price, yesterday closing 0.5 per cent lower at $17.26.
Until the recent improvement in coal markets, Felix was forced to sell its high-value coking coal, used to make steel, at a discount after steel mills cancelled orders.
With prices falling, China has stepped into the breach as a booming market for Australian coal, soaking up a third of the nation’s hard coking coal exports in July.
Some analysts have questioned how long Chinese demand would remain, but Mr Flannery said recent increases in the country’s steel capacity would require strong coking coal imports.
”If they’re running at 600 million tonnes of steel capacity then it seems to me they’re going to import a reasonable amount of coking coal,” he said.
The Felix board expects to approve the expansion of Yarrabee mine in Queensland if it can sign a further 500,000-tonne coking coal contract, which Mr Flannery expected to achieve in the coming months.

Garda Tujuh Acquires Mine in Kalimantan

Kalimantan Coal
VIVAnews – PT Garda Tujuh Buana Tbk (GTBO) is targeting to acquire one mining concession in Kalimantan in order to boost the coal production up to 1.8 million tons in 2010.According to Garda Tujuh President Commissioner Fakir Chand, the company is targeting to find coal products with higher calorie values above 5800 and 100 million tons deposit with the acquisition of the mining concession in Kalimantan.“Meanwhile, this year’s production is 900 thousand tons of coals maximally,” Chand said after attending the Executive Shareholders Meeting at the Sultan Hotel, Jakarta on Tuesday, August 25.Currently, he added, the company is running one mining site with coal production that reaches 5100 calories in Bunyu. “If possible, the acquisition will be carried out this year,” he said.He also said the coal products would eventually be marketed in domestic market while some of them would be exported to India. “There will be more portions for exports but we also provide Domestic Market Obligation (DMO),” Chand said.To increase the current production, the company is finishing a dryer assembly which will be operating in September. As soon as it starts running, the dryer will escalate the production from 50 to 150 thousands per month. “It’s [the assembly] been 70 percent done,” Chand said.Furthermore, he also said the company is analyzing the intention of producing urea fertilizers at the gasification factory. “The analysis is expected to be completed in six months. Now, it’s being handled by the experts,” he said. According to the plan, the gasification will massively produce urea fertilizers by the end of third quarter of 2010 or 2011. “The products will be exported but we still don’t know which countries they will be exported to,” Chand said.Meanwhile, the Extraordinary General Meeting of Shareholders discussed about several agendas which included the central office’s move from Jakarta to Bunyu. The move aims to ease financial and operational works.Another agenda was the changes in the Board of Directors and Commissioners. Earlier, two out of four directors resigned. Thus, the meeting has agreed to appoint three commissioners and five new directors.The Commissioner Board consists of Executive Commissioner Fakir Chand and commissioner members Baukinth Nath Tiwari and Mastan Singh.Meanwhile, the Board of Directors includes Executive Director Surinder Kumar who has replaced Harry Purnomo. Other Directors are Ratendra Kumar Srivasta, Narinder Kumar, Simer Deep and Sharan Phal. The meeting has also approved the change of goals in the business expansion plan.
–Translated by: Nataya Ermanti

Australia Newcastle Thermal Coal Prices Fall 3% to $72 a Ton

Kalimantan Coal

By Rakteem Katakey
Aug. 21 (Bloomberg) — Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 3 percent, declining for the fourth straight week.
The index for power-station coal prices at the New South Wales port dropped $2.25 to $72 a metric ton in the week to today, according to the globalCOAL NEWC Index.
Xstrata Plc, the world’s largest supplier of power-station coal, BHP Billiton Ltd. and Rio Tinto Group are among mining companies that ship coal through Newcastle.
To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net.

GlobalCoal
Weekly Index

RB Index
24-Jul-09 60.67
31-Jul-09 62.40
07-Aug-09 64.73
14-Aug-09 63.75
21-Aug-09 63.45

NEWC Index
24-Jul-09 78.04
31-Jul-09 76.58
07-Aug-09 75.96
14-Aug-09 74.25
21-Aug-09 72.00

Des ARA Index
24-Jul-09 67.23
31-Jul-09 67.70
07-Aug-09 70.49
14-Aug-09 71.66
21-Aug-09 70.72

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