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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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Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
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- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Planning Commission, India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- MS Steel International - UAE
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
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