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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$43.79 million in revenue and recorded 660,456 tons of coal in sales.
Santan has current production capacity of 200,000 tons per month in a bid to provide coals for customers in the local market, India, Korea, and others.
Source: Insider Stories
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Saturday, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
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- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
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