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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, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Ter ...
Friday, 16 April 10
COAL INDIA SELECTS MERCHANT BANKERS TO ACQUIRE OVERSEAS ASSETS -THE HINDU
An investment of about $1.8 billion is expected to be made in these deals
The Hindu reported that, Bank of America-Merill Lynch, Royal Bank of Sc ...
Thursday, 15 April 10
MAJOR THERMAL COAL CONTRACT AT 40% HIGHER PRICE THAN LAST YEAR - BUSINESS STANDARD
Business-Standard reported that, India is expected to import nearly 60 million tonnes of thermal coal this year.
After coking coal and iron ...
Thursday, 15 April 10
RICHARDS BAY ROUNDS BACK TO INDIA SUPRAS WERE FIXED AT MID 20'S
Handy
The BSI remains in a positive momentum and the Atlantic remains unchanged from last week. Fronthaul grain is active which is keeping ballast ...
Thursday, 15 April 10
DRY BULK MARKET SLOWLY GAINING GROUND
The troubled and underperforming capesize sector of the dry bulk market has been experiencing an improved sentiment since Tuesday, a trend verified ...
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Showing 5881 to 5885 news of total 6871 |
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- Attock Cement Pakistan Limited
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- Binh Thuan Hamico - Vietnam
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- Kideco Jaya Agung - Indonesia
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- Ind-Barath Power Infra Limited - India
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- Tata Chemicals Ltd - India
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- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
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- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Parliament of New Zealand
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- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
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- Bhushan Steel Limited - India
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- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Minerals Council of Australia
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- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Planning Commission, India
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- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
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