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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, 17 July 10
BULLISH OUTLOOK FOR COKING COAL - MINING MX & HELLENIC SHIPPING
Mining Mx reported that, the coking coal market has better long-term fundamentals than the iron ore market, according to a recent research rep ...
Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
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- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PTC India Limited - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Energy Link Ltd, New Zealand
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- MS Steel International - UAE
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
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