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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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Saturday, 09 October 10
9TH ASIA PACIFIC MINING CONFERENCE & EXHIBITION 13 14 OCTOBER 2010 AT SHANGRI-LA HOTEL, JAKARTA.
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Saturday, 09 October 10
SAIL SEEKS LONG-TERM COKING COAL SUPPLY FROM GLOBAL COMPANIES - BUSINESS STANDARD
State-owned Steel Authority of India (SAIL) Friday invited bids from global companies for long-term supply of coking coal to feed its expanding stee ...
Friday, 08 October 10
INVESTORS STILL RELUCTANT TO ENTER DOWNSTREAM INDUSTRIES - THE JAKARTA POST
The Jakarta Post reported that, mining companies are showing a low level of enthusiasm to enter the downstream industries, as required by the 2009 M ...
Friday, 08 October 10
VESSEL OWNERS ARE RELUCTANT FOR INDONESIA TO INDIA COAL TRIPS - FEARNBULK
Handy
Last week ended with a flourish of activity as the Chinese tried to fix any prompt vessels before the Golden week festivities, and since the ...
Thursday, 07 October 10
MIRACH ENERGY GAINS RIGHTS TO EAST KALIMANTAN COAL MINE - THE EDGE SINGAPORE
The Edge Singapore reported that, Mirach Energy says it has gained the rights to produce and sell coal in an open-pit coal mine in Samarinda, the ca ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- The University of Queensland
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
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