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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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Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
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- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Economic Council, Georgia
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
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