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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, 08 January 11
AUSTRALIAN FLOODS MAY BOOST RIS COAL SALES - THE JAKARTA POST
The Jakarta Post reported that, Floods inundating Queensland have disrupted Australian coal production, and in turn may offer opportunities for Indo ...
Saturday, 08 January 11
GOVERNMENT REMAINS CAUTIOUS OVER FOREIGN INVESTMENT IN MINING SECTOR - THE JAKARTA GLOBE
The Jakarta Globe reported that, The government expects $3.2 billion of investment to flow into the mining sector this year as foreign investors tur ...
Friday, 07 January 11
14 LARGE-SCALE COAL BASES TO BE BUILT DURING 12TH FIVE-YEAR PLAN - GLOBAL TIMES
During the Twelfth Five-Year Plan period (2011-2015), China aims to build 14 large-scale coal bases, and annex and restructure 20 coal bases in orde ...
Friday, 07 January 11
JSW ENERGY LTD OF INDIA IS LOOKING FOR 45 MILLION TONS OF STEAM COAL FOR 25 YEARS
COALspot.com - Supply of 1.80 mmt (+/- 10%) of steam coal per annum for power plants at Toranagallu and Jaigad.
Accordign to JSWE's websit ...
Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
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- Independent Power Producers Association of India
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Australian Coal Association
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
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