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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, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
Thursday, 08 July 10
DRY BULK MARKET STILL PLUNGING, NOW STANDING AT 14 MONTH LOWS
The dry bulk shipping market’s demise isn’t over yet, as the industry’s main benchmark, the Baltic Dry Index (BDI) has been on a f ...
Wednesday, 07 July 10
MACQUARIE SEES CHINA COMMODITIES PRICE FALLS AND CUTBACKS AHEAD - MINEWEB
MineWeb reported that, The research arm of Australia's Macquarie Bank - one of the most reliable of China watchers - in its latest briefing on Chin ...
Wednesday, 07 July 10
COAL PRICES ON THE RISE
Caixin online reported that, China's domestic coal prices have seen a 26.2 percent year-on-year rise in May. Meanwhile, the volume of coal im ...
Tuesday, 06 July 10
INCREASE IN DRY BULK SPOT FIXTURES UNABLE TO BOOST RATES, LOSING STREAK CONTINUES
Yet another week began on a negative note for the dry bulk shipping market, with the Baltic Dry Index posting its 28th straight losing daily session ...
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- Goldman Sachs - Singapore
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- The University of Queensland
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
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- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
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- Parry Sugars Refinery, India
- Parliament of New Zealand
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- Bhatia International Limited - India
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- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
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- Gujarat Sidhee Cement - India
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- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- White Energy Company Limited
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- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
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- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
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- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
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- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
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- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
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- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
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- ICICI Bank Limited - India
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- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
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- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
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- Petron Corporation, Philippines
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- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Central Electricity Authority - India
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