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Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
 Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13.64% rise compared to around 22 million tons in 2010.
Edward Manurung, ITMG's finance director, said the additional coal production will come from subsidiaries PT Indominco Mandiri, PT Trubaindo Coal Mining, PT Jorong Barutama Greston, PT Kitadin Embalut and PT Bharinto Ekatama.
The company allocates capital expenditure (capex) of US$110 million for this year funded by internal cash and bond issue or possible bank loan options should the funds be insufficient.
In efforts to cut cost, ITM has conducted efficiency measures, including the development of a coal powered electricity plant to reduce dependency on diesel fuel.
Roslini Onwardi, ITMG's corporate secretary, said the capex will be used for funding haul road development, land acquisition and heavy equipment acquisition.
ITMG currently has six operating areas, five of them are located in East Kalimantan. One operating area is located in South Kalimantan. It has total coal concession of 87,565 hectares.
ITM’s coal reserve estimated stood at 1,650 million tons with reserve of 294 million tons based on Dec 2009 data.
The Bharinto mine is slated to commence operation in the 2nd half of 2011. It has obtained a forest area license permit from the Forestry Ministry, however it is awaiting the forest clearance permit.
The company is also planning to increase Indominco’s East Block up to 12 million tons by 2015.
PT Kitadin Tandung Mayang will restart production by the second half of 2011. The 2,338 hectare mine produces 6,800 kcal sub-bituminus coal with sulfuric content of 1.5%.
Source: Bisnis Indonesia
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Friday, 03 June 11
DRY BULK MARKETS RESURGENCE APPEARS TO BE LOSING SOME STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s seems to be losing some steam, despite reports of growing Chinese demand for commodities, especially coal, on the back o ...
Thursday, 02 June 11
LARGE SUPRAS FOR RBCT/INDIA ROUND ARE NOW ASKING 14K - FEARNBULK
Handy
The Handy/Supra market has in general been flat and un-exciting this week. The Black Sea market is almost non existing while the US Gulf mar ...
Thursday, 02 June 11
DRY BULK SHIP OWNERS LOOKING INTO SHORTENED WEEK WITH ANXIETY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With most markets in the western world closed yesterday, as a result of Memorial Day, dry bulk stakeholders weren’t able to build over the pos ...
Monday, 30 May 11
MIANG BESAR COAL TERMINAL ON TARGET
COALspot.com - MBCT, to be largest coal terminal in Asia to start construction in Indonesia’s east Kalimantan Island in July 2011 says Mr. Joh ...
Sunday, 29 May 11
THE FREIGHT MARKET CONTINUED TO GAIN MOMENTUM - VISTAAR
COALspot.com - The freight market continued to gain momentum and the BDI, Cape Index and Panamax was by up almost 10-12 pct and on all sectors, Vist ...
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- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Bhatia International Limited - India
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- White Energy Company Limited
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
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