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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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Tuesday, 02 August 11
INDONESIA BECOMES SECOND LARGEST COKING COAL EXPORTER
COALspot.com - Indonesia, the largest thermal coal exporter in the world now becomes second biggest coking coal exporter to Japan. Indonesian’ ...
Tuesday, 02 August 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK TO PRESENT LATEST TRENDS
Press Release - Global commodities prices have been staying high since the beginning of 2011, resulting in the “TENSION” in various coun ...
Tuesday, 02 August 11
REALM RESOURCES TO ACQUIRE A 75% INTEREST IN THE KATINGAN RIA COAL PROJECT
COALspot.com - Scoping study at the Katingan Ria Coal Project, Central Kalimantan demonstrates positive technical and financial potential for the pr ...
Tuesday, 02 August 11
COAL INDIA TO INVEST IN GOLDEN ENERGY MINES
COALspot.com - Golden Energy Mines, part of PT Dian Swastatika Sentosa Tbk’s, is still negotiating with several strategic investors to o ...
Sunday, 31 July 11
CAPES ARE TRADING BELOW $ 9500 PER DAY - VISTAAR
COALspot.com - The BDI further softened by 4.46 pct and closed at 1264 points which touched below 1300 points after long time. The Cape and Panamax ...
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- Vijayanagar Sugar Pvt Ltd - India
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- Toyota Tsusho Corporation, Japan
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- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
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- Ministry of Finance - Indonesia
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- Indian Energy Exchange, India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
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- New Zealand Coal & Carbon
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- Thai Mozambique Logistica
- Australian Coal Association
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- PTC India Limited - India
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- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
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- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
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- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
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- Directorate General of MIneral and Coal - Indonesia
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- Samtan Co., Ltd - South Korea
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- Holcim Trading Pte Ltd - Singapore
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- Mjunction Services Limited - India
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- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
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- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Deloitte Consulting - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
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- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
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- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
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- Wilmar Investment Holdings
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- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
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