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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$43.79 million in revenue and recorded 660,456 tons of coal in sales.
Santan has current production capacity of 200,000 tons per month in a bid to provide coals for customers in the local market, India, Korea, and others.
Source: Insider Stories
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Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
Tuesday, 01 June 10
LANCO INFRATECH PLANS POWER PROJECTS IN COASTAL REGIONS
My digital reported that, Hyderabad-based Lanco Infratech will set up power projects in coastal regions based on imported coal. The company is ...
Monday, 31 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE SHORTENS
Business week reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in powe ...
Saturday, 29 May 10
FREIGHT MARKET SEEMS TO BE STABILIZING - CAPT. REDDY
COALspot.com: The week was clearly for Cape which went up by almost 21 pct . The BDI was up only by 6 pct.
The other sectors were under pressure ...
Friday, 28 May 10
BERAU COAL GROUP SEEKS US$ 700 M LOAN
PT Bukit Mutiara has decided to revise down its bond issue from US$600 million to US$400 million. In total, it is seeking US$700 million of debt, co ...
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- ICICI Bank Limited - India
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- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
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- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
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- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
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- The Treasury - Australian Government
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
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- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
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- Parliament of New Zealand
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
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- Kaltim Prima Coal - Indonesia
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- Planning Commission, India
- Power Finance Corporation Ltd., India
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- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- The University of Queensland
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- Indian Energy Exchange, India
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- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
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- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
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- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
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- Billiton Holdings Pty Ltd - Australia
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- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
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- Ministry of Transport, Egypt
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- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- IHS Mccloskey Coal Group - USA
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- Antam Resourcindo - Indonesia
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- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
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- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
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- PTC India Limited - India
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- Price Waterhouse Coopers - Russia
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- The State Trading Corporation of India Ltd
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- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
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- Standard Chartered Bank - UAE
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- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
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- Economic Council, Georgia
- Edison Trading Spa - Italy
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- Interocean Group of Companies - India
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- Electricity Generating Authority of Thailand
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- Ministry of Finance - Indonesia
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