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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, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
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- Semirara Mining and Power Corporation, Philippines
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- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
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- Commonwealth Bank - Australia
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- Planning Commission, India
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- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
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- Malabar Cements Ltd - India
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- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
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- ICICI Bank Limited - India
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- Wood Mackenzie - Singapore
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- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- VISA Power Limited - India
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- Indian Oil Corporation Limited
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- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
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- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Samtan Co., Ltd - South Korea
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- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Gujarat Sidhee Cement - India
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- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
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- Rashtriya Ispat Nigam Limited - India
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- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- GMR Energy Limited - India
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- Independent Power Producers Association of India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
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- White Energy Company Limited
- Global Business Power Corporation, Philippines
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- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
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- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
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- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
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- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
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- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
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- Uttam Galva Steels Limited - India
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- Parliament of New Zealand
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- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
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