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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$43.79 million in revenue and recorded 660,456 tons of coal in sales.
Santan has current production capacity of 200,000 tons per month in a bid to provide coals for customers in the local market, India, Korea, and others.
Source: Insider Stories
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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- The University of Queensland
- San Jose City I Power Corp, Philippines
- VISA Power Limited - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
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