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Thursday, 09 June 11
INDIKA AIMS TO PRODUCE 31 MILLION TONS OF COAL IN 2011 - THE JAKARTA POST
 The Jakarta Post, a leading English news paper in Indonesia reported that, PT Indika Energy Tbk, an integrated energy company, is targeting to increase its coal production up to 31 million tons this year from 29.1 million tons in 2010, says an executive.
Indika president director Arsjad Rasjid said by looking at the first quarter’s production of 7.6 million tons worth US$62.5 per ton, he was upbeat that the company could reach the target by year end.
“In the first quarter we can reach around 24.6 percent of this year’s target, so we are very optimistic we can achieve the target,” Arsjad said at the company’s public expose on Wednesday.
He said that 80 percent of the 31 million tons was already ordered under contracts, while the remaining 20 percent would be sold on
the spot.
Arsjad added that 70 percent of the total production would be exported to various countries such as India, China and Korea, while the remaining 30 percent would be sold in the domestic market.
The Indonesian Coal Mining Association (APBI) said Indonesian coal miners expected to produce 340 million tons this year, an increase of 23 percent from 275 million tons in 2009. Twenty percent of that amount — around 70 million tons — will be allocated to fulfill domestic demand, while the remaining 80 percent will be exported.
Indika Energy director Azis Armand said the company had 651 million tons of proven coal reserves and 1.4 billion tons of potential coal reserves.
“The proven reserves have been recognized in four or five areas and we will acquire more areas to increase the proven reserves,” said Arsjad, adding Indika planned to increase its production capacity up to 50 million tons in 2012.
Indika Energy puts its strategic investments in the areas of energy resources, energy services, energy infrastructure, contract mining, coal transport and logistics, and power generation.
The company posted Rp 772.7 billion ($90.5 million) in net profits in 2010, a 6.5 percent increase from Rp 726 billion in 2009. The growing profit resulted from a total revenue of Rp 3.7 trillion, up 51.4 percent from 2009’s Rp 2.4 trillion, according to data released Wednesday.
The company will pay dividends of about Rp 385.3 billion or about 50 percent of last year’s profit, Azis said. He added that the company had declared final dividends payment of Rp 135.4 billion or Rp 26 per share, together with Rp 249.9 billion interim dividends paid in November 2010. (drs)
Source: The Jakarta Post
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Wednesday, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
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- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
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