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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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Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...
Tuesday, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
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- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- The University of Queensland
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Australian Coal Association
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
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