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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 ($90.5 million) in net profits in 2010, a 6.5 percent increase from Rp 726 billion in 2009. The growing profit resulted from a total revenue of Rp 3.7 trillion, up 51.4 percent from 2009’s Rp 2.4 trillion, according to data released Wednesday.
The company will pay dividends of about Rp 385.3 billion or about 50 percent of last year’s profit, Azis said. He added that the company had declared final dividends payment of Rp 135.4 billion or Rp 26 per share, together with Rp 249.9 billion interim dividends paid in November 2010. (drs)
Source: The Jakarta Post
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Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...
Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
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- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Timah Investasi Mineral - Indoneisa
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
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