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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, 22 December 22
RUSSIAN OIL EXPORTS CRATER BY 54% IN THE FIRST FULL WEEK OF THE EU'S EMBARGO AMID A SHORTAGE OF TANKERS WILLING TO CARRY CARGOES - BUSINESS INSIDER
Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bl ...
Thursday, 22 December 22
CHINA TIGHTENS VERIFICATION OF SHIPS’ ENERGY CONSUMPTION DATA - GARD
From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements of their Ship E ...
Thursday, 22 December 22
AN OVERVIEW OF THE LNG MARKET - VESSELSVALUE
LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, ...
Thursday, 22 December 22
COKING COAL SLUMPS AS TALKS ON AUSTRALIA-CHINA TRADE RIFT LOOM - REUTERS
Chinese coking coal futures dropped more than 3 per cent on Tuesday (Dec 20), extending losses, as supply of the steelmaking input might increase i ...
Thursday, 22 December 22
COAL AND GAS PRICE CAPS MAY COMPOUND POLITICAL RISK FOR AUSTRALIAN CORPORATES - FITCH RATINGS
Australia’s introduction of temporary price caps on domestic sales of gas and coal used for electricity generation will probably have limited ...
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- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Deloitte Consulting - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Posco Energy - South Korea
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
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