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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, 28 January 10
COAL - VIETNAM / TRADE
Vietnam expects to turn into a coal importer within three years, spurred by an industrial boom and rising power consumption, a senior executive with ...
Thursday, 28 January 10
JAPAN STEELMAKERS OPPOSE QUARTERLY COAL CONTRACTS
Japanese steelmakers oppose miner BHP Billiton's attempt to switch to quarterly contracts from annual deals for supplying coal, as the change would ...
Thursday, 28 January 10
BHP MAY SELL 25% STAKE IN INDONESIAN COAL PROJECT
BHP Billiton Ltd. plans to sell only a 25 percent stake in a coal project in Indonesia as it wants to retain control of the asset, said Indra Dianna ...
Thursday, 28 January 10
TRANSNET ASPIRES TO 81MT/Y COAL EXPORT CAPACITY
South African State-owned rail transport enterprise Transnet wants to increase coal-line rail capacity to 81-million tons a year as part of its Quan ...
Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010
* China, India seen investing in southern Africa assets
Asian imports of steam coal will ...
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- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Australian Coal Association
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
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