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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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Friday, 23 October 09
CIL PRICE HIKE LIKELY TO PUSH POWER RATES UP
Business-Standard reported that, May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.
The upward re ...
Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
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- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Australian Coal Association
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
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