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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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Monday, 28 September 09
TATA POWER SCOUTS FOR COAL BLOCKS ABROAD
Business Standard reported that, private power producer Tata Power is scouting for coal mines abroad, including Australia and Mozambique, to meet de ...
Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by ...
Saturday, 26 September 09
GSECL PLANS TO PROCURE 15 LAKH (1.5 MILLION) MT OF IMPORTED COAL
Business Standard reported that, State-run power generation company, Gujarat State Electricity Corporation Ltd (GSECL) intends to procure 15 lakh (1 ...
Saturday, 26 September 09
SAIL TO SET UP TWO SLAG-BASED CEMENT MANUFACTURING UNITS
Rediff Business reported that, Government-owned Steel Authority of India Ltd, the country's largest steel producer, is looking to set up two greenf ...
Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
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- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Marubeni Corporation - India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
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