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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, 15 January 11
MAKE SACRIFICES TO SAVE PLN, INDONESIA GOVT BEGS MINERS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Darwin Zahedi Saleh, Indonesia's minister of energy and mineral resources, on Friday appealed to local coal compan ...
Saturday, 15 January 11
RISING PRICES, GOVERNMENT DECREE LEAVE PLN AT LOGGERHEADS WITH COAL FIRMS - THE JAKARTA GLOBE
The Jakarta Globe reported that, As coal prices continue to increase, state utility Perusahaan Listrik Negara faces problems in securing enough coal ...
Thursday, 13 January 11
SURGING COAL PRICES UNDERMINE PLN'S EFFICIENCY PROGRAM - THE JAKARTA POST
The Jakarta Post reported that, The soaring global coal prices are undermining state electricity company PT PLN's pledge to improve its operational ...
Thursday, 13 January 11
SPML INFRA TO DOUBLE INDONESIA COAL MINE OUTPUT IN TWO YEARS - DNA INDIA
DNA India reported that, Kolkata-based infrastructure company SPML Infra, formerly Subhash Projects & Marketing Ltd, will in two years nearly do ...
Thursday, 13 January 11
DRY BULK RATES HIT NEW MULTI-MONTH LOWS ON AUSTRALIAS FLOODS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Floods in Australia’s Queensland has seriously disrupted coal shipments and together with a flood of vessels has pushed freight rates for dry ...
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Showing 5426 to 5430 news of total 6871 |
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- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Planning Commission, India
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
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