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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, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
Saturday, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
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Showing 5926 to 5930 news of total 6871 |
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- Aboitiz Power Corporation - Philippines
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- South Luzon Thermal Energy Corporation
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- ICICI Bank Limited - India
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- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
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- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- Economic Council, Georgia
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- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Ministry of Mines - Canada
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- Gujarat Mineral Development Corp Ltd - India
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- Alfred C Toepfer International GmbH - Germany
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- Vedanta Resources Plc - India
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- Global Green Power PLC Corporation, Philippines
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- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Interocean Group of Companies - India
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- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
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- Metalloyd Limited - United Kingdom
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- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
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- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
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- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Medco Energi Mining Internasional
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- Bukit Makmur.PT - Indonesia
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- Bhoruka Overseas - Indonesia
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- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
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- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
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- Global Business Power Corporation, Philippines
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
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- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
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