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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 $270 million.
Other than supporting a possible acquisition, Indika would use the money to develop its three core business interests - power plants, resources and mining services.
Earlier it was reported that Indika was interested in acquiring assets belonging to British energy giant BP Plc and local coal producer Berau Coal.
Indika president director Arsjad Rasjid said earlier the company planned to partner with state oil and gas company PT Pertamina to buy a 46 percent stake in BP's Northwest Java Sea block in West Java.
When asked about the progress of these two acquisition plans, Azis refused to comment since both were still being negotiated.
Source: The Jakarta Post
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Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
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- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Australian Coal Association
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
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