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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, 30 November 99
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Showing 6871 to 6871 news of total 6871 |
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- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Essar Steel Hazira Ltd - India
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- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
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- The Treasury - Australian Government
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- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
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- Indian Oil Corporation Limited
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- New Zealand Coal & Carbon
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- Trasteel International SA, Italy
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- PowerSource Philippines DevCo
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- Chamber of Mines of South Africa
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- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- The University of Queensland
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- Metalloyd Limited - United Kingdom
- Bulk Trading Sa - Switzerland
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- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
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- Independent Power Producers Association of India
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- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- PTC India Limited - India
- Coal and Oil Company - UAE
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
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- Indo Tambangraya Megah - Indonesia
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- Indika Energy - Indonesia
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- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
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- Star Paper Mills Limited - India
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- PNOC Exploration Corporation - Philippines
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- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Parliament of New Zealand
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- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
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- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
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- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Romanian Commodities Exchange
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Mintek Dendrill Indonesia
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- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
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- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
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- Electricity Authority, New Zealand
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
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