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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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- Videocon Industries ltd - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Bhatia International Limited - India
- ASAPP Information Group - India
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
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