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.
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
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
2. PT Dimensi Keajaiban Global
3. PT Harmoni Strong Trading
4. PT PT Fusion Ecxel
5. PT Mak Kado International
PT Cipta Bara Sejahtera
* 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)
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.
–Translated by: Nataya Ermanti
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 firstname.lastname@example.org.
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