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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, 19 June 09
COAL FORUM TO MEET IN BALI NEXT WEEK
Bali will host next week a Southeast Asian forum on coal, involving coal producers, consumers and government representatives.
The Indonesian Ener ...
Friday, 19 June 09
KARNATAKA POWER CORP BEGINS BLENDING INDONESIAN COAL
BL reported that the State Government owned power utility Karnataka Power Corporation Limited has begun blending imported Indonesian coal for its th ...
Thursday, 18 June 09
COAL MINING HALTS AFTER DEADLY BLAST - (UPDATE 2)
All mining activists in Sawahlunto, West Sumatra, are at a standstill after a major underground explosion killed at least 31 miners and buried 12 ot ...
Thursday, 18 June 09
INDIA'S HINDALCO CLOSE TO BUYING AUSTRALIA COAL MINE
India's largest aluminium maker Hindalco Industries is close to acquiring a coal mine in Australia, for about $70-$80 million, The Economic Times r ...
Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
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- Wilmar Investment Holdings
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- Indian Energy Exchange, India
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- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
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- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
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- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
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- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Mjunction Services Limited - India
- CNBM International Corporation - China
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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