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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, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
Monday, 27 April 09
INDONESIA S.KALIMANTAN GETS COAL TRUCKS OFF PUBLIC ROADS - REUTERS
A local government in one of Indonesia's top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage ...
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- Global Coal Blending Company Limited - Australia
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- Economic Council, Georgia
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- Deloitte Consulting - India
- Grasim Industreis Ltd - India
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- The University of Queensland
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- Bhatia International Limited - India
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- Standard Chartered Bank - UAE
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- SMG Consultants - Indonesia
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- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
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- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
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- Intertek Mineral Services - Indonesia
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- Wood Mackenzie - Singapore
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Gujarat Mineral Development Corp Ltd - India
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- Electricity Authority, New Zealand
- PTC India Limited - India
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- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
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- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
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- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
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- Billiton Holdings Pty Ltd - Australia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
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