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.
|
|
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
Tuesday, 11 August 09
ZAMBIAN COAL BUYERS CONTINUE IMPORTING COAL FROM ZIMBABWE
Lusaka Times reported that, Coal mining companies have bemoaned the lack of market for their produce as prospective buyers continue importing the co ...
Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter ...
Monday, 10 August 09
MANGALAM CEMENT PLACES ORDER FOR CAPTIVE POWER PLANT
Steel Guru reported that, Mangalam Cement Ltd has announced that the company on August 6th 2009 finalized order for Captive Thermal Power Plant of 1 ...
Monday, 10 August 09
VIET NAM COAL EXPORTS HIT 13.5 MILLION TONNES
VietNamNet Bridge reported that, Viet Nam exported more than 13.5 million tonnes of coal in the first seven months of this year, equal to the same p ...
|
|
|
Showing 6516 to 6520 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
|
| |
| |
|
