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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, 30 June 10
PTBA TO SUPPLY ADDITIONAL 180 MLN TONS OF COAL TO PLN FOR 20 YEARS
COALspot.com: Indonesia's state-owned coal mining company PT Tambang Batubara Bukit Asam Tbk (PTBA) has entered into a new contract with state owne ...
Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
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- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- White Energy Company Limited
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
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