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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, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Planning Commission, India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- PTC India Limited - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
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