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Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
 The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its executives says.
Indika investor relations vice president Retina Rosabai said Thursday the talks were still underway and no decision had been made, but refused to name the companies involved in the negotiations, or the value of the deal.
The deal is expected to bring the company's sales output next year to more than the 24 million tons estimated for this year.
To meet the target, the company is aiming to increase its coal output to 28 million tons by next year, a 12.68 percent increase on this year's production target.
The company's net profit dropped 25 percent in the first half of this year to Rp 361 billion (US$38.2 million) on the back of weaker demand.
However, Indika finance director Azis Rahman said conditions would improve in the second half of 2009 as revenue from engineering and mining subsidiary PT Petrosea would be consolidated into the company's financial books. He did not give any figures.
Indika recently acquired an 82 percent stake in Petrosea in a deal valued at $83.8 million.
By acquiring Petrosea, Indika expects to begin receiving up to 850,000 tons of additional coal from Petrosea's PT Santan Batubara unit this year, Azis said. Santan output is expected to increase to 2 million tons in 2010, he added.
Azis also said Indika was open for another acquisition opportunity, and that it had relatively strong cashflow, currently estimated to be around $270 million.
Other than supporting a possible acquisition, Indika would use the money to develop its three core business interests - power plants, resources and mining services.
Earlier it was reported that Indika was interested in acquiring assets belonging to British energy giant BP Plc and local coal producer Berau Coal.
Indika president director Arsjad Rasjid said earlier the company planned to partner with state oil and gas company PT Pertamina to buy a 46 percent stake in BP's Northwest Java Sea block in West Java.
When asked about the progress of these two acquisition plans, Azis refused to comment since both were still being negotiated.
Source: The Jakarta Post
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Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
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- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
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- Ministry of Transport, Egypt
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- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
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- Tata Chemicals Ltd - India
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- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
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- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
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- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Indonesian Coal Mining Association
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- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- The University of Queensland
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
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- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
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- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
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