We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 15 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
.jpg) 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 $300 million of cash reserves available.
"We still have available cash. Therefore, we will evaluate whether we still need other acquisitions or not," Azis said.
Source:http://www.thejakartapost.com/news/2009/05/12/indika-expects-increase-coal-production-1268-2010.html
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
|
|
|
Showing 6471 to 6475 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Attock Cement Pakistan Limited
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Australian Coal Association
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- The University of Queensland
- White Energy Company Limited
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
|
| |
| |
|
