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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, 13 October 22
OPEC DOWNGRADES CRUDE OIL DEMAND, AS WORLD ECONOMY ENTERS SLOWDOWN
Crude Oil Price Movements
The OPEC Reference Basket (ORB) declined m-o-m by $6.58 in September, or 6.5%, to average $95.32/b. Pressure from equ ...
Wednesday, 12 October 22
MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2022 has been remarkable.
Focusing only on Tankers and Bulkers, such v ...
Monday, 10 October 22
ENERGY TRANSITION BOOSTS GLOBAL LONG-TERM DEMAND FOR METALS - FITCH RATINGS
The energy transition will significantly increase demand for metals used in manufacturing of electric vehicles (EVs) and renewable power generation ...
Monday, 10 October 22
GLOBAL CEOS EXPECT IMPENDING RECESSION TO BE 'SHORT AND SHARP,' POLL SHOWS - CNBC
Global CEOs are anticipating a recession in the next 12 months, according to a new survey by professional services firm KPMG, which said more than ...
Thursday, 06 October 22
AUSTRALIA’S RESOURCES REVENUE TO HIT RECORD AMID UKRAINE CONFLICT - REUTERS
Australian resources and energy export earnings are forecast to jump 7% to a record A$450 billion ($290 billion) this fiscal year, bolstered by soa ...
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- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- MS Steel International - UAE
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- The University of Queensland
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Australian Coal Association
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
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