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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, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- Makarim & Taira - Indonesia
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Parliament of New Zealand
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Economic Council, Georgia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
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