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Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
 Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at some new mine areas, the company's president said on Tuesday
Commercial production at a mine at its PT Bharinto Ekatama unit is expected to start at the end of 2010, Somyot Ruchirawat told reporters.
"For production in 2010, we will try to increase from Bharinto, the East Block and PT Trubaindo Coal Mining. It will be a 20-25 percent increase from the 2009 production target," Ruchirawat said.
The company plans to produce 20.5 million tonnes this year.
Indo Tambangraya has received a permit to start development of the East block of coal mines operated by PT Indominco Mandiri.
The company said it was also looking at buying coal mines to increase output, but did not elaborate on a timeframe.
"We are still in talks...It could be anything, whether it's a green-field or existing mine," Ruchirawat said.
The company had a warchest of more than $200 million to fund mining acquisitions, but it also may seek loans, he said.
The company, which is a unit of Thailand's Banpu PCL BANP.BK, expects to sell 20.5 million tonnes of coal this year, up from 17.8 million tonnes in 2008.
Indo Tambangraya sold 4.1 million tonnes of coal in the January to March period this year, down from 4.4 million tonnes in the same period in 2008.
Despite lower sales volume, the coal price the company achieved rose 70 percent to an average of $85 a tonne in the January-March period, up from $50 a tonne in the same period of 2008.
Sales revenue was $347 million in the first quarter of 2009, up 59 percent from $219 million in the same period last year.
Indo Tambangraya has forecast revenue would climb to between $1.33-$1.54 billion this year, compared with $1.32 billion in 2008, on higher production.
Indo Tambangraya owns shares in several Indonesian coal miners including PT Trubaindo Coal Mining, PT Indominco Mandiri, PT Kitadin, PT Jorong Barutama Greston and PT Bharinto Ekatama.
The firm's shares fell 3.72 percent to 18,100 rupiah on Tuesday, while the broader market .JKSE eased 0.2 percent.
Source: http://www.reuters.com/article/rbssEnergyNews/idUSJAK47490420090512
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Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
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- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- PTC India Limited - India
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Georgia Ports Authority, United States
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
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