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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$43.79 million in revenue and recorded 660,456 tons of coal in sales.
Santan has current production capacity of 200,000 tons per month in a bid to provide coals for customers in the local market, India, Korea, and others.
Source: Insider Stories
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Friday, 28 May 10
CHINESE BAN TO HIT INDIAN IRON ORE EXPORTS
Nearly half of India's iron ore exports to China are in serious danger of being wiped out. The local government has imposed a ban on import of low ...
Friday, 28 May 10
INDIAS NEYVELI LIGNITE EYEING INDONESIA, SOUTH AFRICA COAL MINES
Integrated mining and power producer Neyveli Lignite Corporation Thursday said it is exploring possibilities for buying coal mines in Indonesia and ...
Friday, 28 May 10
ADARO ACQUIRES 25% ICP AT US$ 335 MIO
Indonesia's second largest thermal coal miner PT Adaro Energy Tbk (ADRO) today announces formation of new joint venture for Indonesian Coal Project ...
Thursday, 27 May 10
KPCL IS LOOKING FOR 0.50 MLN TON TO IMPORTED STEAMING COAL FOR RAICHUR THERMAL POWER STATION
COALspot.com: KARNATAKA POWER CORPORATION LIMITED, India invited from reputed parties meeting the pre qualifications stipulated for the import ...
Thursday, 27 May 10
TNPL TO BUY 0.240 MLN TON NON-COKING COAL FOR SECOND HALF OF 2010
COALspot.com: Tamil Nadu Newsprint and Papers Limited (TNPL), would like to procure 0.24 mln MT of imported Non-Coking Coal in 6 Shipments of about ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Planning Commission, India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
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