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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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Tuesday, 04 October 22
INDONESIAN COAL PRICE REFERENCE SURGE AGAIN TO RECORD HIGH
COALspot.com: Indonesian Coal Price Reference reached another record high in October as Russia's war in Ukraine continues to spark a surge in c ...
Sunday, 02 October 22
MISC STRENGTHENS ITS PARTNERSHIP WITH SEARIVER MARITIME
MISC Berhad (MISC) today announced that its subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-term time cha ...
Thursday, 29 September 22
MARKET INSIGHT - INTERMODAL
This week, focus turns to the 38th APPEC Conference, where leading professionals from the global oil industry will discuss the future key drivers o ...
Thursday, 29 September 22
HIGH COAL PRICES REMAIN A CONCERN FOR DOMESTIC NON-FERROUS METAL COMPANIES - ICRA
According to ICRA on Monday, the high price of coal will have a negative effect on the profitability of domestic non-ferrous metal companies that m ...
Tuesday, 27 September 22
14% INCREASE IN EUROPEAN COAL DEMAND TO BE SHORT-TERM TREND - WOOD MACKENZIE
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the curr ...
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- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
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- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
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- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
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- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
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- Ministry of Finance - Indonesia
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- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
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- Eastern Energy - Thailand
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- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
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- Posco Energy - South Korea
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- Trasteel International SA, Italy
- Indonesian Coal Mining Association
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- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Australian Coal Association
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
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- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
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- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
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- Heidelberg Cement - Germany
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- Georgia Ports Authority, United States
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- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
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- White Energy Company Limited
- Sakthi Sugars Limited - India
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- The State Trading Corporation of India Ltd
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- Orica Australia Pty. Ltd.
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- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
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- Bhatia International Limited - India
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