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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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Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
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- Thiess Contractors Indonesia
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- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Carbofer General Trading SA - India
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- PowerSource Philippines DevCo
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- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
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- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Marubeni Corporation - India
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- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
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