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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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Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks.
Bank of Tokyo Mitsubishi ...
Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...
Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...
Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy.
Shareholders will get a combine ...
Monday, 19 April 10
PLN TO OPERATE COAL MINES IN BID TO FUEL POWER PLANTS
The Jakarta Globe reported that, state electricity utility PT Perusahaan Listrik Negara said on Sunday that it aimed to take over operation of small ...
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- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Economic Council, Georgia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Straits Asia Resources Limited - Singapore
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