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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, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
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- Power Finance Corporation Ltd., India
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- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
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- GMR Energy Limited - India
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- Sindya Power Generating Company Private Ltd
- Mjunction Services Limited - India
- Australian Coal Association
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- Banpu Public Company Limited - Thailand
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- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
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- Eastern Coal Council - USA
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- SMG Consultants - Indonesia
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- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
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- Australian Commodity Traders Exchange
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- Asmin Koalindo Tuhup - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Thiess Contractors Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
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- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
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- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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