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Monday, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year as the company starts mining in a new area.
The company, which is a subsidiary of Thailand’s largest coal producer Banpu Plc, will expand production to 20.5 million tons this year from 17.6 million tons in 2008.
Sales are forecast to rise to between US$1.33 billion and $1.54 billion from $1.32 billion in 2008.
ITM president director Somyot Ruchirawat said on Friday the additional coal would be secured from a new mining site located in the eastern part of the existing Indominco block in Kalimantan.
“Indominco East Block will start producing by the second half of this year,” he said, adding the company expected the new mine would provide additional coal supply of up to two million tons.
The remaining planned output will be secured from other mining sites, thanks in part to the company’s current and ongoing output improvement initiatives, he said.
The initiatives are expected to help reverse a drop in production last year due to heavy rainfall. Last year, coal production was down 1.1 percent to 17.6 million tons from 17.8 million tons in 2007.
ITM finance director Edward Manurung said the company would spend $57 million on the improvement initiatives, which would take up the biggest part of the company’s capital expenditure of US$126 million allocated for this year.
The company will also spend $41 million on the Bontang port expansion in East Kalimantan, $6 million on the Bontang power plant, $15 million on the development of the Indominco East Block and $7 million on the new Bharinto mining project in East Kalimantan, which is targeted to start producing in 2010.
Edward said the company would use internal cash to finance its capital expenditure plans.
The company was looking for the opportunity to acquire more local coal companies located in Kalimantan, Ruchirawat said, without going into further details.
“With the decline in coal prices, it makes the price of assets cheaper and that’s an opportunity for us,” he said.
The company has estimated that coal prices next year will be between $65 and $75 a ton, relatively flat compared to last year’s $74 a ton.
So far, the company had secured 88 percent of targeted coal contracts with selling prices ranging between $75 and $85 a ton.
ITM shares declined 2 percent to Rp 14,750 Friday after UBS AG cut the stock’s rating to “neutral” from “buy,” citing its “expensive” valuation, according to Bloomberg.
Source:http://www.thejakartapost.com/news/2009/04/18/indo-tambangraya-2009-output-go-16.html
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Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
Friday, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
ENERGY and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Thursday, 14 May 09
INDONESIA 2009 COAL OUTPUT REVISED DOWN - REUTERS
* Indonesia coal output seen at 240 million tonnes in 2009
* Coal exports down 11.2 pct to 44.79 mln tonnes in Q1 2009
* Production down 1.4 pct t ...
Thursday, 14 May 09
PAKISTAN WILL IMPORT 3.2 MILLION TON OF COAL IN 2009 - SEATRADE
COALspot.com (Pakistan) - SEATRADE Group of pakistan a single largest imported coal supplier in Pakistan, forecasting Pakistan steam coal imports wi ...
Wednesday, 13 May 09
ADARO, ITM EXPECT COAL GROWTH IN 2009
Adaro, which has a market capitalization of $3.64 billion, sells to 48 customers in 18 countries worldwide, including power utilities Thai Power and ...
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- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Orica Australia Pty. Ltd.
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- PTC India Limited - India
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- GMR Energy Limited - India
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
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