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Thursday, 09 June 11
INDIKA AIMS TO PRODUCE 31 MILLION TONS OF COAL IN 2011 - THE JAKARTA POST
 The Jakarta Post, a leading English news paper in Indonesia reported that, PT Indika Energy Tbk, an integrated energy company, is targeting to increase its coal production up to 31 million tons this year from 29.1 million tons in 2010, says an executive.
Indika president director Arsjad Rasjid said by looking at the first quarter’s production of 7.6 million tons worth US$62.5 per ton, he was upbeat that the company could reach the target by year end.
“In the first quarter we can reach around 24.6 percent of this year’s target, so we are very optimistic we can achieve the target,” Arsjad said at the company’s public expose on Wednesday.
He said that 80 percent of the 31 million tons was already ordered under contracts, while the remaining 20 percent would be sold on
the spot.
Arsjad added that 70 percent of the total production would be exported to various countries such as India, China and Korea, while the remaining 30 percent would be sold in the domestic market.
The Indonesian Coal Mining Association (APBI) said Indonesian coal miners expected to produce 340 million tons this year, an increase of 23 percent from 275 million tons in 2009. Twenty percent of that amount — around 70 million tons — will be allocated to fulfill domestic demand, while the remaining 80 percent will be exported.
Indika Energy director Azis Armand said the company had 651 million tons of proven coal reserves and 1.4 billion tons of potential coal reserves.
“The proven reserves have been recognized in four or five areas and we will acquire more areas to increase the proven reserves,” said Arsjad, adding Indika planned to increase its production capacity up to 50 million tons in 2012.
Indika Energy puts its strategic investments in the areas of energy resources, energy services, energy infrastructure, contract mining, coal transport and logistics, and power generation.
The company posted Rp 772.7 billion ($90.5 million) in net profits in 2010, a 6.5 percent increase from Rp 726 billion in 2009. The growing profit resulted from a total revenue of Rp 3.7 trillion, up 51.4 percent from 2009’s Rp 2.4 trillion, according to data released Wednesday.
The company will pay dividends of about Rp 385.3 billion or about 50 percent of last year’s profit, Azis said. He added that the company had declared final dividends payment of Rp 135.4 billion or Rp 26 per share, together with Rp 249.9 billion interim dividends paid in November 2010. (drs)
Source: The Jakarta Post
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Wednesday, 15 June 11
DRY BULK MARKET WEAKENS AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Despite this time of year traditionally being one of the busiest for the dry bulk market, it seems that in the post-crisis era trade patterns are co ...
Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
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- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Bangladesh Power Developement Board
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
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