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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, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...
Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
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- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Parliament of New Zealand
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- White Energy Company Limited
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhushan Steel Limited - India
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