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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, 18 September 09
STANCHART TO ADVISE BAYAN ON INDONESIA COAL FINANCING
Indonesian coal miner PT Bayan Resources Tbk said on Wednesday it has appointed Standard Chartered Bank as a financial adviser for raising at least ...
Friday, 18 September 09
COKING COAL SUPPLY TO FALL 3 MILLION TONS IN CHINA ON SHUTDOWN
Bloomberg reported that, Coking coal supply in China, the largest consumer, may fall by 3 million metric tons a month after a mine accident this mon ...
Thursday, 17 September 09
FOUR LEFT IN INDIA'S MMTC COAL IMPORT TENDER-SOURCE
Reuters reported that, India's MMTC Ltd has accepted four out of five submissions for an import tender for 12.5 million tonnes of coal, with a bid ...
Thursday, 17 September 09
INDIA SEEKS COAL
IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply ...
Wednesday, 16 September 09
S. LANKA, INDIA'S NTPC TO SIGN $500 MLN COAL DEAL
Reuters reported that, Sri Lanka is to sign a commercial agreement with India's National Thermal Power Corporation (NTPC.BO) to build a $500 millio ...
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- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- White Energy Company Limited
- Planning Commission, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
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