COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...


Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...


Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...


Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...


Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...


   1048 1049 1050 1051 1052   
Showing 5246 to 5250 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Barasentosa Lestari - Indonesia
  • Total Coal South Africa
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Port Waratah Coal Services - Australia
  • Inspectorate - India
  • Economic Council, Georgia
  • Cemex - Philippines
  • Ernst & Young Pvt. Ltd.
  • KOWEPO - South Korea
  • Independent Power Producers Association of India
  • Coalindo Energy - Indonesia
  • Sree Jayajothi Cements Limited - India
  • San Jose City I Power Corp, Philippines
  • Gupta Coal India Ltd
  • Moodys - Singapore
  • PLN Batubara - Indonesia
  • Coeclerici Indonesia
  • SGS (Thailand) Limited
  • Singapore Mercantile Exchange
  • CCIC - Indonesia
  • IHS Mccloskey Coal Group - USA
  • EIA - United States
  • Trasteel International SA, Italy
  • Argus Media - Singapore
  • TeaM Sual Corporation - Philippines
  • Straits Asia Resources Limited - Singapore
  • International Coal Ventures Pvt Ltd - India
  • Tata Power - India
  • AsiaOL BioFuels Corp., Philippines
  • Planning Commission, India
  • J M Baxi & Co - India
  • Cardiff University - UK
  • Japan Coal Energy Center
  • Orica Mining Services - Indonesia
  • NALCO India
  • Bank of America
  • Vijayanagar Sugar Pvt Ltd - India
  • Cebu Energy, Philippines
  • Runge Indonesia
  • Samtan Co., Ltd - South Korea
  • Surastha Cement
  • RBS Sempra - UK
  • ASAPP Information Group - India
  • Binh Thuan Hamico - Vietnam
  • VISA Power Limited - India
  • The State Trading Corporation of India Ltd
  • Bhatia International Limited - India
  • Vale Mozambique
  • Gujarat Electricity Regulatory Commission - India
  • The Treasury - Australian Government
  • Sindya Power Generating Company Private Ltd
  • MS Steel International - UAE
  • Arutmin Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • MEC Coal - Indonesia
  • Vitol - Bahrain
  • Meenaskhi Energy Private Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Ministry of Mines - Canada
  • TNPL - India
  • Orica Australia Pty. Ltd.
  • IMC Shipping - Singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • Rio Tinto Coal - Australia
  • Formosa Plastics Group - Taiwan
  • Coal and Oil Company - UAE
  • PNOC Exploration Corporation - Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • CESC Limited - India
  • Panama Canal Authority
  • Power Finance Corporation Ltd., India
  • Gujarat Sidhee Cement - India
  • Jindal Steel & Power Ltd - India
  • Indo Tambangraya Megah - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • World Coal - UK
  • Eastern Coal Council - USA
  • Krishnapatnam Port Company Ltd. - India
  • World Bank
  • Geoservices-GeoAssay Lab
  • Glencore India Pvt. Ltd
  • Malco - India
  • Oldendorff Carriers - Singapore
  • Interocean Group of Companies - India
  • Enel Italy
  • Eastern Energy - Thailand
  • CIMB Investment Bank - Malaysia
  • Bhoruka Overseas - Indonesia
  • Mercator Lines Limited - India
  • EMO - The Netherlands
  • KPMG - USA
  • Sojitz Corporation - Japan
  • Star Paper Mills Limited - India
  • Agrawal Coal Company - India
  • Bayan Resources Tbk. - Indonesia
  • Siam City Cement PLC, Thailand
  • Tamil Nadu electricity Board
  • SASOL - South Africa
  • European Bulk Services B.V. - Netherlands
  • IBC Asia (S) Pte Ltd
  • Aboitiz Power Corporation - Philippines
  • Wilmar Investment Holdings
  • Bukit Makmur.PT - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Thailand Anthracite
  • Parry Sugars Refinery, India
  • Lafarge - France
  • PLN - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Maruti Cements - India
  • Wood Mackenzie - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Berau Coal - Indonesia
  • Bulk Trading Sa - Switzerland
  • GHCL Limited - India
  • Mercuria Energy - Indonesia
  • DBS Bank - Singapore
  • Coaltrans Conferences
  • Mintek Dendrill Indonesia
  • Infraline Energy - India
  • Sical Logistics Limited - India
  • Bangladesh Power Developement Board
  • Australian Commodity Traders Exchange
  • Permata Bank - Indonesia
  • Cosco
  • Indian School of Mines
  • Sinarmas Energy and Mining - Indonesia
  • Malabar Cements Ltd - India
  • SMC Global Power, Philippines
  • Salva Resources Pvt Ltd - India
  • Semirara Mining Corp, Philippines
  • Mechel - Russia
  • Rashtriya Ispat Nigam Limited - India
  • Therma Luzon, Inc, Philippines
  • UBS Singapore
  • PTC India Limited - India
  • Adani Power Ltd - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Jatenergy - Australia
  • Minerals Council of Australia
  • KEPCO - South Korea
  • Indian Oil Corporation Limited
  • Anglo American - United Kingdom
  • Adaro Indonesia
  • Indian Energy Exchange, India
  • Riau Bara Harum - Indonesia
  • Standard Chartered Bank - UAE
  • Energy Development Corp, Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • Merrill Lynch Bank
  • ING Bank NV - Singapore
  • Indogreen Group - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Meralco Power Generation, Philippines
  • Reliance Power - India
  • Core Mineral Indonesia
  • PetroVietnam
  • Shree Cement - India
  • Coal Orbis AG
  • Heidelberg Cement - Germany
  • Thriveni
  • Qatrana Cement - Jordan
  • Kideco Jaya Agung - Indonesia
  • Samsung - South Korea
  • Bangkok Bank PCL
  • BRS Brokers - Singapore
  • bp singapore
  • OCBC - Singapore
  • Kepco SPC Power Corporation, Philippines
  • WorleyParsons
  • Karbindo Abesyapradhi - Indoneisa
  • Mitra SK Pvt Ltd - India
  • U S Energy Resources
  • Platts
  • Directorate Of Revenue Intelligence - India
  • Central Java Power - Indonesia
  • Global Business Power Corporation, Philippines
  • Ambuja Cements Ltd - India
  • Thiess Contractors Indonesia
  • TRAFIGURA, South Korea
  • Uttam Galva Steels Limited - India
  • Essar Steel Hazira Ltd - India
  • Globalindo Alam Lestari - Indonesia
  • Ministry of Transport, Egypt
  • TGV SRAAC LIMITED, India
  • Price Waterhouse Coopers - Russia
  • Kohat Cement Company Ltd. - Pakistan
  • Kumho Petrochemical, South Korea
  • McKinsey & Co - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Gresik Semen - Indonesia
  • ANZ Bank - Australia
  • Petron Corporation, Philippines
  • Larsen & Toubro Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • Attock Cement Pakistan Limited
  • India Bulls Power Limited - India
  • Kapuas Tunggal Persada - Indonesia
  • South Luzon Thermal Energy Corporation
  • Vizag Seaport Private Limited - India
  • GNFC Limited - India
  • Inco-Indonesia
  • Chamber of Mines of South Africa
  • Russian Coal LLC
  • JPMorgan - India
  • Toyota Tsusho Corporation, Japan
  • Edison Trading Spa - Italy
  • Cargill India Pvt Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Australian Coal Association
  • GN Power Mariveles Coal Plant, Philippines
  • Arch Coal - USA
  • Pipit Mutiara Jaya. PT, Indonesia
  • APGENCO India
  • Posco Energy - South Korea
  • Bukit Baiduri Energy - Indonesia
  • Peabody Energy - USA
  • Baramulti Group, Indonesia
  • Barclays Capital - USA
  • Indika Energy - Indonesia
  • Metalloyd Limited - United Kingdom
  • GMR Energy Limited - India
  • Deutsche Bank - India
  • Thermax Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Mitsui
  • SMG Consultants - Indonesia
  • Asia Cement - Taiwan
  • GVK Power & Infra Limited - India
  • Intertek Mineral Services - Indonesia
  • Indonesian Coal Mining Association
  • McConnell Dowell - Australia
  • Noble Europe Ltd - UK
  • TANGEDCO India
  • Sucofindo - Indonesia
  • Latin American Coal - Colombia
  • Pinang Coal Indonesia
  • IEA Clean Coal Centre - UK
  • Neyveli Lignite Corporation Ltd, - India
  • Central Electricity Authority - India
  • ACC Limited - India
  • KPCL - India
  • Thomson Reuters GRC
  • NTPC Limited - India
  • Britmindo - Indonesia
  • Borneo Indobara - Indonesia
  • Jaiprakash Power Ventures ltd
  • Electricity Authority, New Zealand
  • Romanian Commodities Exchange
  • White Energy Company Limited
  • London Commodity Brokers - England
  • Alfred C Toepfer International GmbH - Germany
  • Miang Besar Coal Terminal - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Global Coal Blending Company Limited - Australia
  • Commonwealth Bank - Australia
  • Sarangani Energy Corporation, Philippines
  • Jorong Barutama Greston.PT - Indonesia
  • Indonesia Power. PT
  • Videocon Industries ltd - India
  • Shenhua Group - China
  • HSBC - Hong Kong
  • Tata Chemicals Ltd - India
  • Iligan Light & Power Inc, Philippines
  • Sakthi Sugars Limited - India
  • Rudhra Energy - India
  • Bhushan Steel Limited - India
  • The India Cements Ltd
  • Ind-Barath Power Infra Limited - India
  • ICICI Bank Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Credit Suisse - India
  • Energy Link Ltd, New Zealand
  • OPG Power Generation Pvt Ltd - India
  • Ministry of Finance - Indonesia
  • Maybank - Singapore
  • Ince & co LLP
  • GB Group - China
  • Tanito Harum - Indonesia
  • IOL Indonesia
  • Grasim Industreis Ltd - India
  • Kobexindo Tractors - Indoneisa
  • Billiton Holdings Pty Ltd - Australia
  • Karaikal Port Pvt Ltd - India
  • Asian Development Bank
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • New Zealand Coal & Carbon
  • Aditya Birla Group - India
  • Vedanta Resources Plc - India
  • Bharathi Cement Corporation - India
  • Kartika Selabumi Mining - Indonesia
  • Marubeni Corporation - India
  • The University of Queensland
  • Antam Resourcindo - Indonesia
  • Altura Mining Limited, Indonesia
  • SRK Consulting
  • CoalTek, United States
  • Cement Manufacturers Association - India
  • Xstrata Coal
  • Coastal Gujarat Power Limited - India
  • SN Aboitiz Power Inc, Philippines
  • JPower - Japan
  • Makarim & Taira - Indonesia
  • Idemitsu - Japan
  • Leighton Contractors Pty Ltd - Australia
  • Timah Investasi Mineral - Indoneisa
  • Goldman Sachs - Singapore
  • LBH Netherlands Bv - Netherlands
  • Maersk Broker
  • Madhucon Powers Ltd - India
  • Platou - Singapore
  • Lanco Infratech Ltd - India
  • UOB Asia (HK) Ltd
  • Freeport Indonesia
  • Savvy Resources Ltd - HongKong
  • GAC Shipping (India) Pvt Ltd
  • Humpuss - Indonesia
  • Thai Mozambique Logistica
  • Global Green Power PLC Corporation, Philippines
  • Bank of China, Malaysia
  • Carbofer General Trading SA - India
  • Holcim Trading Pte Ltd - Singapore
  • Dalmia Cement Bharat India
  • Banpu Public Company Limited - Thailand
  • Coal India Limited
  • Siam City Cement - Thailand
  • Deloitte Consulting - India
  • ETA - Dubai
  • globalCOAL - UK
  • Simpson Spence & Young - Indonesia
  • Renaissance Capital - South Africa
  • Petrosea - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Indorama - Singapore
  • Electricity Generating Authority of Thailand
  • Merrill Lynch Commodities Europe
  • SUEK AG - Indonesia
  • Clarksons - UK
  • Africa Commodities Group - South Africa
  • Medco Energi Mining Internasional
  • Ceylon Electricity Board - Sri Lanka
  • Parliament of New Zealand
  • TNB Fuel Sdn Bhd - Malaysia
  • PowerSource Philippines DevCo
  • Georgia Ports Authority, United States
  • Kobe Steel Ltd - Japan
  • BNP Paribas - Singapore
  • Mitsubishi Corporation
  • Manunggal Multi Energi - Indonesia
  • Mjunction Services Limited - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Xindia Steels Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Fearnleys - India
  • CNBM International Corporation - China