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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, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure sup ...
Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
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- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- White Energy Company Limited
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- The University of Queensland
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- Parliament of New Zealand
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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