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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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Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
Saturday, 15 January 11
SUPRAMAX VESSELS FIXED AROUND $ 8K FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The BDI continues to drop and has touched below 1,500 points with the cape index severely affected with the index touching 1,595 poin ...
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- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
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- Bhoruka Overseas - Indonesia
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- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
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- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
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