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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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Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- Indian Energy Exchange, India
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- Goldman Sachs - Singapore
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- Commonwealth Bank - Australia
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- Aboitiz Power Corporation - Philippines
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- Bulk Trading Sa - Switzerland
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- Global Green Power PLC Corporation, Philippines
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- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
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- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
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- Meralco Power Generation, Philippines
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- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Heidelberg Cement - Germany
- Central Electricity Authority - India
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- Energy Link Ltd, New Zealand
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- Merrill Lynch Commodities Europe
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- Global Business Power Corporation, Philippines
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- Planning Commission, India
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- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
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- New Zealand Coal & Carbon
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- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
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- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
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- Electricity Authority, New Zealand
- Minerals Council of Australia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
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- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
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- Eastern Energy - Thailand
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