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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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Thursday, 26 January 23
AUSTRALIA'S CORONADO GLOBAL SEES COAL PRICES RISING ON RESUMING CHINA IMPORTS - REUTERS
Australia’s Coronado Global Resources said on Tuesday resuming metallurgical coal imports to China would likely push sea-borne coal prices hi ...
Monday, 23 January 23
CHINA'S MAJOR COAL-PRODUCING PROVINCE ACCELERATES DIGITAL TRANSFORMATION - XINHUA
At Chindata Group’s big-data industrial park in Lingqiu County of Datong City, hundreds of thousands of servers are running round-the-clock t ...
Monday, 23 January 23
CHINA'S COAL-RICH PROVINCE SEES COAL PRODUCTION INCREASE IN 2022 - XINHUA
North China’s coal-rich province of Shanxi saw its coal production hit 1.31 billion tonnes in 2022, up 8.7 percent year on year, local author ...
Wednesday, 18 January 23
MARKET INSIGHT - INTERMODAL
From Feb 5, another price cap will be introduced to Russian fuels and oil products, adding to the one for crude oil, already in place from Dec. 3. ...
Tuesday, 17 January 23
FRAUD IS THE BIGGEST THREAT TO CARGO LOSSES - TT CLUB
The almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits to find opportunities within ...
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- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
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