We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 12 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 coal production to grow by 12.68 percent next year.
Indika plans to produce as much as 28 million tons of coal in 2010, up from 24.85 million tons targeted this year, chief financial officer Azis Armand told reporters Monday.
He said the production increase would come both from Kideco and from mining company PT Petrosea, which is in the process of acquisition by Indika. Azis said Kideco was expected to produce as much as 26 million tons of coal in 2010, up from 24 million tons of coal production targeted this year.
Indika owns 46 percent of Kideco, a holder of a first-generation Coal Contract of Work, locally known as PKP2B, valid through to 2023. Kideco owns 50,400 hectares of coal concessions in East Kalimantan. It produced 22 million tons of coal in 2008.
Azis said that Indika also expected to start receiving as much as 850,000 tons of additional coal from Petrosea's subsidiary PT Santan Batubara this year. Production is expected to increase to two million tons in 2010, he added.
On April 14, Indika signed a Conditional Sale and Purchase Agreement (CSPA) to acquire a 81.95 percent stake in Petrosea from its majority shareholder Clough International Singapore Pte Ltd for US$83.8 million.
"Close of transaction *for the acquisition* is targeted for early June."
In December last year, Indika also acquired coal mining rights to 13 sites, locally known as KP, in Melawi, West Kalimantan. These KPs have a total concession area of 53,000 hectares in total with coal reserves estimated at 150 million tons.
Arsjad Rasjid, Indika's president director, said ten of the KPs are already at the exploration stage and the remaining three are at the pre-survey stage. "We expect the KPs to start initial production in 2012."
Azis said Indika spent US$18.5 million on the acquisition of the KPs. He added the development cost of the mines was estimated at $100 million over three years.
"This year, we aim to spend about $10 million on the KPs," Azis said.
According to Azis, Indika's total capital expenditure for this year was forecast to reach between $50 million and $55 million.
He added that outside this capital expenditure, Indika still had between $250 million and $300 million of cash reserves available.
"We still have available cash. Therefore, we will evaluate whether we still need other acquisitions or not," Azis said.
source: http://www.thejakartapost.com/news/2009/05/12/indika-expects-increase-coal-production-1268-2010.html
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
Saturday, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
|
|
|
Showing 6736 to 6740 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- The Treasury - Australian Government
|
| |
| |
|
