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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 $270 million.
Other than supporting a possible acquisition, Indika would use the money to develop its three core business interests - power plants, resources and mining services.
Earlier it was reported that Indika was interested in acquiring assets belonging to British energy giant BP Plc and local coal producer Berau Coal.
Indika president director Arsjad Rasjid said earlier the company planned to partner with state oil and gas company PT Pertamina to buy a 46 percent stake in BP's Northwest Java Sea block in West Java.
When asked about the progress of these two acquisition plans, Azis refused to comment since both were still being negotiated.
Source: The Jakarta Post
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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
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- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Parliament of New Zealand
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Straits Asia Resources Limited - Singapore
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