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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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Monday, 26 April 10
COAL INDIA NEARS PORT DEAL WITH VIZAG STEEL - DNA
DNA India reported that, Coal India Ltd (CIL), the country’s largest coal producer, is close to signing a deal to acquire space at Vizag Steel ...
Sunday, 25 April 10
THE WAITING AT INDIAN PORTS FOR COAL VESSELS WAS QUITE NORMAL - VISTAAR
COALspot.com: The BDI remained unchanged this week and all other sectors also the change was not much.
The cape index continued to move up and wa ...
Saturday, 24 April 10
NTPC TO BUY COAL MINES IN KAZAKHSTAN - TELEGRAPH INDIA
Telegraph India reported that, NTPC Ltd plans to acquire coal mines and operate two thermal power plants in Kazakhstan.
“We are exploring t ...
Saturday, 24 April 10
CHINA'S COAL IMPORTS DOUBLE IN MARCH
China's General Administration of Customs said that the country imported 15.22 million tons of coal last month, more than double the amount it impo ...
Friday, 23 April 10
KPCL EYES MINE IN INDONESIA - BUSINESS STANDARD
Business-Standard reported that, Karnataka Power Corporation Ltd (KPCL), the state-owned power generator, is exploring the possibility of acquiring ...
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- Bahari Cakrawala Sebuku - Indonesia
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- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
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- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
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- ICICI Bank Limited - India
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- Global Coal Blending Company Limited - Australia
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- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Gujarat Mineral Development Corp Ltd - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
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- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
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- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
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- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Indonesian Coal Mining Association
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- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
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- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
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- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
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- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
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- Coal and Oil Company - UAE
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- Planning Commission, India
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- CNBM International Corporation - China
- Ministry of Finance - Indonesia
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- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- The University of Queensland
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- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
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- Chamber of Mines of South Africa
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