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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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Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
Thursday, 19 May 11
INDONESIAN COAL EXPORTS DROP 7.98 PERCENT IN APRIL
COALspot.com - Indonesian coal exports dropped to 2.168 million tons in April, and up 7.13 percent on the year and 7.98 percent below March, a ...
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- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Coal Council - USA
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- ASAPP Information Group - India
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
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