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Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
 The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although facing land permit problems on a site controlled by its subsidiary, PT Jorong Barutama Greston.
ITMG president director Somyot Ruchirawat told reporters after a shareholders meeting in Jakarta that the land permit problem in South Kalimantan would slightly affect the subsidiary’s coal output.
“Jorong will contribute 2 million tons of coal this year, down from 3.1 million tons a year earlier,” he said.
Jorong is said to have received a permit from the forestry ministry for operating its site but has yet to adhere to a government regulation on spatial planning.
Regardless of this, Somyot said ITMG would be able to produce 23 million tons of coal this year, up from 21 million tons last year, thanks to increased output from other subsidiaries: PT Indominco Mandiri, PT Trubaindo Coal Mining, PT Kitadin Embalut and PT Bharinto Ekatama.
To fulfill production targets, according to Ruchiwarat, ITMG will optimize its production from existing coal mines including a site controlled by Bharinto, which will reach the production stage in April.
Trubaindo is expected to contribute 6 million tons of coal this year, while Indominco will contribute 13.2 million tons, and Embalut will contribute 1.2 million tons.
“However, we expect our new mines in Bharinto will produce 200,000 tons this year,” Ruchiwarat said, adding the new site would be fully operational in 2011 and produce around 2 million tons of coal.
ITMG acknowledged that another new coal mine, Tandung Mayang in Kutai, East Kalimantan, will produce about 1 million tons in 2011.
Indo Tambangraya currently has about 294 million tons in its coal reserves in Kalimantan. The company sells its coal mostly to Japan, China, Taiwan and India.
Ruchiwarat refused to disclose the company’s revenue target this year, saying it depended on coal prices in the international market. The company predicts the coal price might be around US$60-$75 per ton in the international market, lower than last year’s average $71.5 per ton.
This year, the company aims to complete two projects in Bontang, Kalimantan; a coal terminal expansion costing $41 million in investment and a coal power plant requiring $6 million. “The coal terminal will be finished in the first quarter while the power plant is targeted to be running by mid-year,” said director Edward Manurung.
ITMG will allocate $101 million of capital expenditure (capex) this year, which mostly will be used for infrastructure and a coal washing plant for Trubaindo. The capex will be internally financed, as the firm has $429 million in cash reserves.
Based on the company’s financial performance, in 2009, Indo Tambangraya booked $336 million in net income, a 43 percent increase from $235 million a year earlier, while its gross revenue rose by 15 percent from $1.3 trillion in 2008.
Edward said that the main contributing factor to higher net profit was increased coal sales volume, which increased by 18 percent to 21 million tons from 17.7 million tons in 2008.
On Monday, ITMG, through its shareholders meeting, agreed to a dividend of Rp 1,964 per share.
Source: The Jakarta Post (By: Nani Afrida)
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Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
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- The Treasury - Australian Government
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- VISA Power Limited - India
- ICICI Bank Limited - India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
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