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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
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Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
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- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Planning Commission, India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Australian Coal Association
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
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