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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, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN
This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Y ...
Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...
Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...
Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...
Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...
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- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- White Energy Company Limited
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- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Australian Coal Association
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- The University of Queensland
- Mjunction Services Limited - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
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