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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, 06 April 09
RICHARDS BAY COAL TERMINAL EXPORTS ROSE 5 PERCENT IN MARCH - BLOOMBERG
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same ...
Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES
Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal firms to ...
Thursday, 02 April 09
FOREIGNERS ALSO CHEER FOR INDONESIA'S THE NEW MINING LAW - MAJALA TAMBANG
Three mining giants, Australia's Rio Tinto along with Canada's Barrick Gold and Southern Arc, are among foreign corporations currently applying fo ...
Wednesday, 01 April 09
INDONESIAN GOVERNMENT REVISES MINING REVENUE TARGET DOWN 26% - THE JAKARTA POST
Government income from mining this year, excluding taxes, is expected to drop by about 26 percent to Rp 11 trillion ($957 million), primarily becaus ...
Wednesday, 01 April 09
INDONESIAN OFFICIAL CLAIMS NEW LEGISLATION IS VINDICATED AS OVERSEAS FIRMS LINE UP FOR MINING LICENSES - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months ...
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- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Thai Mozambique Logistica
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
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