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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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Tuesday, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
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- Directorate Of Revenue Intelligence - India
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- Eastern Coal Council - USA
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
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- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Economic Council, Georgia
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- Meralco Power Generation, Philippines
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- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
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- The State Trading Corporation of India Ltd
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- Tamil Nadu electricity Board
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- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
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- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
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- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
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- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Wilmar Investment Holdings
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- VISA Power Limited - India
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- Coal and Oil Company - UAE
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