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

Tuesday, 22 February 11
SUPRAMAX MARKET IS IMPROVING IN THE PACIFIC
BRS - A 10% rise in the BDI this week, mostly on the back of Panamax rates and improvements in the Supramax market in the Pacific. For the Capes, ra ...


Monday, 21 February 11
CHURCHILL MINING RECEIVES SIGNIFICANT INTEREST, PROPOSALS TO DEVELOP EAST KUTAI COAL PROJECT - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining  has received a number of specific proposals to fund and develop its massive East Kutai coa ...


Monday, 21 February 11
ABOLISH 5% DUTY ON COAL IMPORTS: SHINDE
Indian Express reported that, with acute coal shortage of domestic coal threatening to destabilise its power generation plans, the power ministry ha ...


Saturday, 19 February 11
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market was quite firm this week with freight rates in South east asia and India/Feast almost up by 30 pct. However towards end ...


Thursday, 17 February 11
COAL-GEN EUROPE 2011 REAFFIRMS THE IMPORTANCE OF COAL
Press Release: The third COAL-GEN Europe conference and exhibition, kicked off on Tuesday 15 February, with leading experts, professionals and compa ...


   1073 1074 1075 1076 1077   
Showing 5371 to 5375 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 ...

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