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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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Tuesday, 25 August 09
INDIAN FIRM TO INVEST $44 MN IN INDONESIA
Economic Times - India Times reported that, BEML Limited, India-based second largest heavy equipment producer in Asia, will invest $44 million in In ...
Tuesday, 25 August 09
BHARAT LOOKS TO BULLDOZE RIVALS WITH LOWER PRICES
The Jakarta Globe reported that, The country’s two established heavy equipment suppliers now have a competitor in the form of Indian firm Bhar ...
Tuesday, 25 August 09
PIKE RIVER DELAYS COAL EXPORTS FROM NEW ZEALAND MINE
South African mining Weekly reported that, The first 60,000-t export shipment from ASX-listed Pike River Coal’s new mine has been delayed unti ...
Monday, 24 August 09
INDONESIAN GOVT ASKED TO CONTROL COAL TRADERS, BROKERS
The Jakarta Post, the leading English news paper in Indoneisa reported that, Businesses are urging the government to bring all coal traders and brok ...
Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
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- Mercuria Energy - Indonesia
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- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
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- Xindia Steels Limited - India
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- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
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- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
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- ICICI Bank Limited - India
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- Minerals Council of Australia
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- Australian Coal Association
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- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
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- Dalmia Cement Bharat India
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- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- CNBM International Corporation - China
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- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
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- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
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- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
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- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
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- GAC Shipping (India) Pvt Ltd
- The University of Queensland
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- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
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- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
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