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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, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
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- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Petrochimia International Co. Ltd.- Taiwan
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