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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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Wednesday, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
&q ...
Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
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- Coalindo Energy - Indonesia
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- Indika Energy - Indonesia
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- Ministry of Mines - Canada
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- Global Coal Blending Company Limited - Australia
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- Global Green Power PLC Corporation, Philippines
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- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
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- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
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- Bangladesh Power Developement Board
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- SMC Global Power, Philippines
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- White Energy Company Limited
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
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- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
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- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
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- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
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- Indonesian Coal Mining Association
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- Merrill Lynch Commodities Europe
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- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- India Bulls Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
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- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
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- Indian Oil Corporation Limited
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