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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, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
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- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Australian Coal Association
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
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