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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
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Monday, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.
ArcelorMittal SA, the South A ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- The University of Queensland
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
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