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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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Tuesday, 04 January 11
DRY BULK MARKET TO RANGE BETWEEN 1,700 AND 2,600 POINTS IN THE FIRST QUARTER OF 2011, ANALYSTS SAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As we entered 2011, ship owners and analysts, as well as shipbrokers are looking into their “crystal balls” to try to decode the dry bul ...
Monday, 03 January 11
TAXATION FOR COAL MINING COMPANIES IN INDONESIA - A TAX EXPERTS VIEW
COALspot.com - Mrs. Sri Wahyuni Sujono, managing partner of SF Consulting has wrote an exclusive report regarding taxation for coal mining companies ...
Sunday, 02 January 11
JAISWAL TO SEEK COAL MINES IN AFRICA - HINDUSTAN TIMES
Coal Minister Sriprakash Jaiswal will talk with his counterparts in South Africa and Mozambique during his visit from January 5 to secure coal asset ...
Saturday, 01 January 11
COAL PRODUCTION EXPECTED TO EXCEED 340 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce 340 million tons of coal in 2011, an increase of 23 percent from 275 millio ...
Friday, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
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- Electricity Generating Authority of Thailand
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Economic Council, Georgia
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
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