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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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Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
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- Africa Commodities Group - South Africa
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- McConnell Dowell - Australia
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- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
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- Trasteel International SA, Italy
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- Eastern Coal Council - USA
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- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
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- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Romanian Commodities Exchange
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- Makarim & Taira - Indonesia
- VISA Power Limited - India
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- SMC Global Power, Philippines
- Central Electricity Authority - India
- Indian Oil Corporation Limited
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- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
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- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
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- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- The University of Queensland
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- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
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- Directorate Of Revenue Intelligence - India
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- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
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- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Planning Commission, India
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- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
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- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
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