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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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Wednesday, 07 December 22
MARKET INSIGHT - INTERMODAL
China’s coal imports from January to October were 230.1m mt, a decrease of around 10.7% y-o-y (2021 totalled 323.2m mt). The question is if t ...
Wednesday, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
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- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
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