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Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimantan, and PT Santan Batubara.
In a public expose material submitted to Indonesia Stock Exchange, Indika owns 46% stakes in Kideco which has coal reserves of 579 million tons with concession area of 50,400 hectares. In Kalimantan Barat's coal asset, Indika controls 90% stakes at 34,200 hectares concession area.
Through PT Petrosea Tbk (PTRO), Indika owns 50% stakes in Santan Batubara with 264 million tons of coal reserves.
Kideco Expansion
At the end of March 2010, Kideco, Indonesia's third largest coal mining company, produced 6.9 million tons of coal with overberden removal of 44.8 million bcm. Kideco's strip ratio reached 6.49.
Kideco has bought equipments such as dumptrucks, excavator, and the others. It has improved crushing plant and loading facilities. Kideco has initiated development of Samarangau pit which has the largest coal reserves at Kideco's concession area.
Samarangau is estimated to have coal resouces of 694 million tons and 348 million tons of coal reserves.
Santan Production
Santan Batubara is a joint venture between Petrosea, coal mining contractor acquired by Indika mid last year, and PT Harum Energy, a coal mine company owned by Indonesian tycoon Kiki Barki. Petrosea is responsible for coal mining contract and Harum Energy holds Santan's coal marketing.
Santan has commenced a commercial production in March 2009 by mining 1.25 million tons of coal. Santan has signed five contracts of overburden removal with Petrosea. The first productions this year and 2011 are estimated to obtain 2.5 million tons of coal annually.
In mrach 2010, Santan posted US$43.79 million in revenue and recorded 660,456 tons of coal in sales.
Santan has current production capacity of 200,000 tons per month in a bid to provide coals for customers in the local market, India, Korea, and others.
Source: Insider Stories
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Thursday, 13 May 10
ACTIVITY ON WEST COAST INDIA IS SLOWING - FEARNLEYS AS
DRY BULK CHARTERING
Handy
Atlantic markets remain firm but more for end May/beg June dates as there seems to be more enquiries for those dates. ...
Thursday, 13 May 10
DRY BULK SHIP OWNERS CHEERFUL AMID MARKET RALLY
China’s appetite for raw materials like iron ore and coal, as well as a series of added factors are boosting demand for dry bulk carriers, hel ...
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The ...
Tuesday, 11 May 10
DALRYMPLE BAY COAL EXPORTS HIGHEST SINCE JULY; NEWCASTLE FALLS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Dalrymple Bay terminal in Queensland state rose to the highest in nine months in Apri ...
Tuesday, 11 May 10
DRY BULK RATES SHOOT UP ON STRONG CARGO DEMAND
The dry bulk industry’s benchmark, the Baltic Dry Index (BDI) has kept its momentum, as predicted by analysts and shipping experts, managing t ...
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- Agrawal Coal Company - India
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- The University of Queensland
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- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
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- Energy Link Ltd, New Zealand
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- MS Steel International - UAE
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- Deloitte Consulting - India
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- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
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- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
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- Petrochimia International Co. Ltd.- Taiwan
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- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
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- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
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- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
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- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
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- Samtan Co., Ltd - South Korea
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- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Bhatia International Limited - India
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- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
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- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
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- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
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- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
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- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
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- Attock Cement Pakistan Limited
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- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
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- Australian Coal Association
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