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Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimantan, and PT Santan Batubara.
In a public expose material submitted to Indonesia Stock Exchange, Indika owns 46% stakes in Kideco which has coal reserves of 579 million tons with concession area of 50,400 hectares. In Kalimantan Barat's coal asset, Indika controls 90% stakes at 34,200 hectares concession area.
Through PT Petrosea Tbk (PTRO), Indika owns 50% stakes in Santan Batubara with 264 million tons of coal reserves.
Kideco Expansion
At the end of March 2010, Kideco, Indonesia's third largest coal mining company, produced 6.9 million tons of coal with overberden removal of 44.8 million bcm. Kideco's strip ratio reached 6.49.
Kideco has bought equipments such as dumptrucks, excavator, and the others. It has improved crushing plant and loading facilities. Kideco has initiated development of Samarangau pit which has the largest coal reserves at Kideco's concession area.
Samarangau is estimated to have coal resouces of 694 million tons and 348 million tons of coal reserves.
Santan Production
Santan Batubara is a joint venture between Petrosea, coal mining contractor acquired by Indika mid last year, and PT Harum Energy, a coal mine company owned by Indonesian tycoon Kiki Barki. Petrosea is responsible for coal mining contract and Harum Energy holds Santan's coal marketing.
Santan has commenced a commercial production in March 2009 by mining 1.25 million tons of coal. Santan has signed five contracts of overburden removal with Petrosea. The first productions this year and 2011 are estimated to obtain 2.5 million tons of coal annually.
In mrach 2010, Santan posted US$43.79 million in revenue and recorded 660,456 tons of coal in sales.
Santan has current production capacity of 200,000 tons per month in a bid to provide coals for customers in the local market, India, Korea, and others.
Source: Insider Stories
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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
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- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Barasentosa Lestari - Indonesia
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- The Treasury - Australian Government
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- Australian Coal Association
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- The University of Queensland
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- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
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- Kaltim Prima Coal - Indonesia
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- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Minerals Council of Australia
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- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
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