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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, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
Friday, 17 March 23
INDONESIAN COAL PRICE REFERENCE UP AROUND 2.17% IN MARCH 2023
COALspot.com: Indonesian Coal Price Reference up around 2.17% in March 2023.
According to the new HBA regulation No. 41.K/MB.0 ...
Saturday, 11 March 23
MARKET INSIGHT - INTERMODAL
Uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as weather conditions will pivot the LNG market this summer. ...
Wednesday, 08 March 23
INDONESIAN COAL REFERENCE PRICE FORMULA HAS OFFICIALLY CHANGED
Indonesian Minister of Energy and Mineral Resources has officially changed the guideline for determining the benchmark price for the sale of coal c ...
Thursday, 02 March 23
INDIA'S SEABORNE CRUDE OIL IMPORTS IN 2022 INCREASED BY 11.5% YOY - BANCHERO COSTA
2022 has turned out to be a very positive year for crude oil trade, despite the surging oil prices and risks of economic recession, Banchero Costa ...
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- Merrill Lynch Commodities Europe
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- Ministry of Finance - Indonesia
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- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
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- ICICI Bank Limited - India
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- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Planning Commission, India
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- India Bulls Power Limited - India
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- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Thiess Contractors Indonesia
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- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
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- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
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- Minerals Council of Australia
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- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
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- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
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- Indian Oil Corporation Limited
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- PTC India Limited - India
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- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
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- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
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- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
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- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
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- Savvy Resources Ltd - HongKong
- Ministry of Transport, Egypt
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- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
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- Deloitte Consulting - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- London Commodity Brokers - England
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Australian Coal Association
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- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
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- New Zealand Coal & Carbon
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- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
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- Altura Mining Limited, Indonesia
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- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
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- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
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- Parliament of New Zealand
- Singapore Mercantile Exchange
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- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Petron Corporation, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
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