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Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
 Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its coal production to grow by 12.68 percent next year.
Indika plans to produce as much as 28 million tons of coal in 2010, up from 24.85 million tons targeted this year, chief financial officer Azis Armand told reporters Monday.
He said the production increase would come both from Kideco and from mining company PT Petrosea, which is in the process of acquisition by Indika. Azis said Kideco was expected to produce as much as 26 million tons of coal in 2010, up from 24 million tons of coal production targeted this year.
Indika owns 46 percent of Kideco, a holder of a first-generation Coal Contract of Work, locally known as PKP2B, valid through to 2023. Kideco owns 50,400 hectares of coal concessions in East Kalimantan. It produced 22 million tons of coal in 2008.
Azis said that Indika also expected to start receiving as much as 850,000 tons of additional coal from Petrosea's subsidiary PT Santan Batubara this year. Production is expected to increase to two million tons in 2010, he added.
On April 14, Indika signed a Conditional Sale and Purchase Agreement (CSPA) to acquire a 81.95 percent stake in Petrosea from its majority shareholder Clough International Singapore Pte Ltd for US$83.8 million.
"Close of transaction *for the acquisition* is targeted for early June."
In December last year, Indika also acquired coal mining rights to 13 sites, locally known as KP, in Melawi, West Kalimantan. These KPs have a total concession area of 53,000 hectares in total with coal reserves estimated at 150 million tons.
Arsjad Rasjid, Indika's president director, said ten of the KPs are already at the exploration stage and the remaining three are at the pre-survey stage. "We expect the KPs to start initial production in 2012."
Azis said Indika spent US$18.5 million on the acquisition of the KPs. He added the development cost of the mines was estimated at $100 million over three years.
"This year, we aim to spend about $10 million on the KPs," Azis said.
According to Azis, Indika's total capital expenditure for this year was forecast to reach between $50 million and $55 million.
He added that outside this capital expenditure, Indika still had between $250 million and $300 million of cash reserves available.
"We still have available cash. Therefore, we will evaluate whether we still need other acquisitions or not," Azis said.
source: http://www.thejakartapost.com/news/2009/05/12/indika-expects-increase-coal-production-1268-2010.html
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Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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. ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Anglo American - United Kingdom
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- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
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- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
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- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
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- Minerals Council of Australia
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- MS Steel International - UAE
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- Billiton Holdings Pty Ltd - Australia
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- Economic Council, Georgia
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- Georgia Ports Authority, United States
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- CNBM International Corporation - China
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- The University of Queensland
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- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
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- Australian Commodity Traders Exchange
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- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
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- Ind-Barath Power Infra Limited - India
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- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
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- Gujarat Sidhee Cement - India
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- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Planning Commission, India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
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- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
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- Videocon Industries ltd - India
- Petron Corporation, Philippines
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
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- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
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- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
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- Meralco Power Generation, Philippines
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- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
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- Kepco SPC Power Corporation, Philippines
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- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
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- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
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- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
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- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
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- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
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- Orica Australia Pty. Ltd.
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