We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
|
|
|
Showing 6366 to 6370 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
|
| |
| |
|
