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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, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts re ...
Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives w ...
Monday, 20 April 09
INTERNATIONAL INVESTORS SEEK TO SELL ADARO STAKES - MONEY.CNN
Some international investors in PT Adaro Energy ( ADRO.JK) have approached other companies to sell around a combined 17% stake in the coal miner via ...
Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION
Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitratio ...
Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...
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- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
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