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Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a US$730 million additional coal mining contracting from PT Adimitra Baratama Nusantara from initial contract of US$200 million, according to Insider Stories.
Petrosea, in an official statement to Indonesia Stock Exchange, said the additional contract has been signed by Petrosea on August 25 2011, renewing the previous agreement signed on August 19 2009 and January 18 2011. Under the additional contract, Petrosea is obliged to produce 14 million tons coal and 126 million bcm at Sanga-Sanga, East Kalimantan.
Adimitra Nusantara has guaranteed at least 5-year contract to make Petrosea optimizes new heavy equipments, which is in line with higher production.
Petrosea is 99.39% controlled by Indika Energy, a company that is owned by two stellar businessmen Agus Lasmono Sudwikatmono and Wiwoho Basuki Tjokronegoro.
By end of June 2011, 86.29% of Petrosea consolidated revenue were contributed by coal mining or worth US$96.99 million, services of US$8.25 million, and engineering and construction of US$6.13 million.
Petrosea booked US$112.39 million revenue in the first half of this year, a 26.58% increase from US$88.79 million a year earlier. Adimitra Nusantara contributed US$28 million revenue to Petrosea.
Source: Insider Stories
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Thursday, 08 September 11
TRADA MARITIME BUYS GUNUNG BARA UTAMA
Insider Stories reported that, PT Trada Maritime Tbk (TRAM) has purchased convertible bonds issued by PT Awesome Coal from Zakia Limited. The memora ...
Wednesday, 07 September 11
ANOTHER EXCEPTIONALLY STRONG WEEK FOR THE CAPESIZE MARKET - BRS
The very strong rise in Cape rates pushed through an overall improvement in the BDI this week, although relatively little benefit from the Capes has ...
Wednesday, 07 September 11
INDIA HIT BY INDONESIAS COAL PRICE - TEMPO INTERACTIVE
TEMPO Interactive, an Indonesian online news portal reported that, The Indian government has complained about the price increase of Indonesian coal, ...
Wednesday, 07 September 11
SAMPUR POWER AGREEMENT SIGNED - DAILY NEWS
Daily News, Sri Lank's national news paper reported that, the agreement for the setting up of a 500 MW coal-fired power plant at Sampur, Trincomale ...
Tuesday, 06 September 11
INDONESIAS PROPOSED COAL EXPORT BAN MAY HAVE IMPACT ON THE INDIAN POWER SECTOR - DIPESH DIPU
COALspot.com - This is a special interview about Indonesian proposed coal export ban by 2014, with Mr. Dipesh Dipu, Director of Deloitte Touche Tohm ...
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- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
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