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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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Saturday, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...
Friday, 28 January 11
MPM SEEKS 40K TONS OF INDONESIAN COAL
An Indian paper producer Mysore Paper Mills Ltd., based in Bangalore is looking for 40,000 metric tons of non-coking coal of Indonesian o ...
Friday, 28 January 11
TRADING PERMIT DELAYS THREATEN EXPORTS - THE JAKARTA GLOBE
The Jakarta Globe reported that, an ongoing wrangle over licenses for mining traders could hurt investment, a coal mining association chief said on ...
Friday, 28 January 11
DRY BULK MARKET CLOSING IN TOWARDS CRISIS LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The trials and tribulations of the dry bulk market seem to have no end during the first month of 2011, as the industry’s benchmark, the Baltic ...
Wednesday, 26 January 11
ADANI TO SET-UP RAIL, PORT AND POWER PROJECTS IN INDONESIA - MONEYCONTROL
Moneycontrol reported that, Adani Enterprises, the flagship company of India’s infrastructure conglomerate the Adani Group, today announced th ...
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- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Minerals Council of Australia
- Deloitte Consulting - India
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- PTC India Limited - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
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