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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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Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
Friday, 29 October 10
CHINA'S COAL DEMAND DRIVES DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is posting marginal, yet steady growth this week, with the Baltic Dry Index rising yesterday to 2784 points, up by 0.2%. Both th ...
Wednesday, 27 October 10
TNPL TO AWARD 240,000 MT COAL SUPPLY CONTRACT TO COAL & OIL
COALspot.com: Tamil Nadu Newsprint Papers Limited, Tamil Nadu state owned Newsprint and Printing & Writing Paper producer has opened a coal purc ...
Wednesday, 27 October 10
CHINA AIDS RUSSIA IN DEVELOPING COAL RESOURCES - PEOPLE'S DAILY
People's Daily reported that, Russia will use 6 billion U.S. dollars in loans provided by China to develop coal resources in Sakhalin Island, Elege ...
Wednesday, 27 October 10
MAIDEN COAL SHIPMENTS TO NOBLE RESOURCES - PAN ASIA AUSTRALIA
Press Release :
First Coal Shipments made from Nadvara Coal Project, East Kalimantan
51,616 tonnes delivered from October production &ndas ...
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- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Xindia Steels Limited - India
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