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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 ($90.5 million) in net profits in 2010, a 6.5 percent increase from Rp 726 billion in 2009. The growing profit resulted from a total revenue of Rp 3.7 trillion, up 51.4 percent from 2009’s Rp 2.4 trillion, according to data released Wednesday.
The company will pay dividends of about Rp 385.3 billion or about 50 percent of last year’s profit, Azis said. He added that the company had declared final dividends payment of Rp 135.4 billion or Rp 26 per share, together with Rp 249.9 billion interim dividends paid in November 2010. (drs)
Source: The Jakarta Post
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Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Wednesday, 08 June 11
BAYAN TO DISTRIBUTE RP. 80 ( APPROX. US$ 0.00939850) PER SHARE DIVIDEND
Coal miner PT Bayan Resources Tbk (BYAN), that is controlled by business Dato' Low Tuck Kwong, will distribute Rp80 a share dividend or Rp266.7 bil ...
Wednesday, 08 June 11
CBM PRODUCTION FROM AUSTRALIA, CHINA, INDIA, AND INDONESIA IS EXPECTED TO WITNESS A SIGNIFICANT INCREASE BY 2015
Press Release - According to Global Data (December 2010), CBM production in Australia, China, India, and Indonesia is expected to witness a signific ...
Sunday, 05 June 11
COAL IMPORTS BY CHINA IS LIKELY TO INCREASE - VISTAAR SINGAPORE
COALspot.com - The freight market softened this week except for the BDI and Cape index was up, but even in these sectors the momentum was compared t ...
Friday, 03 June 11
DRY BULK MARKETS RESURGENCE APPEARS TO BE LOSING SOME STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s seems to be losing some steam, despite reports of growing Chinese demand for commodities, especially coal, on the back o ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
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