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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, 18 March 09
MANILA'S NAPOCOR SAYS BIDDING FOR 100,000T COAL FAILS - REUTERS
Top Philippine electricityproducer National Power Corp (Napocor) was unable to secure 100,000 tonnes of local coal for one of its power plantsfollow ...
Wednesday, 18 March 09
INDONESIA'S PLN APPOINTS KPC TO SUPPLY COAL - REUTERS
State electricity firm Perusahaan Listrik Negara (PLN) appointed PT Kaltim Prima Coal to supply 1 million tonnes of coal per annum to Tanjung Jati B ...
Monday, 16 March 09
TATA POWER HAS NO PLAN TO SELL STAKE IN INDONESIA BUMI MINES - BLOOMBERG
Tata Power Co., India’s biggest electricity generator outside state control, said it has “no intention” to sell its stake in two I ...
Monday, 16 March 09
ANTAM SELECTS PARTNERS FOR POMALAA POWER PLANT - THE JAKARTA POST
PT Aneka Tambang Tbk, Indonesia’s second-largest nickel producer, said it intended to develop a $300 million coal-fired plant in Pomalaa, Sout ...
Monday, 16 March 09
ADARO TO BOLSTER SUPPLY CHAIN THROUGH ACQUISITIONS - THE JAKARTA POST
PT Adaro Energy Tbk, Indonesia's second-largest coal producer, plans to acquire a coal barging and transshipment company to improve its supply chai ...
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- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Planning Commission, India
- SMG Consultants - Indonesia
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
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