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Thursday, 08 September 11
PETROSEA ADDS US$730 MIO CONTRACT
Coal mining contractor PT Petrosea Tbk (PTRO), a majority owned subsidiary of energy integrated company PT Indika Energy Tbk (INDY), has secured a US$730 million additional coal mining contracting from PT Adimitra Baratama Nusantara from initial contract of US$200 million, according to Insider Stories.
Petrosea, in an official statement to Indonesia Stock Exchange, said the additional contract has been signed by Petrosea on August 25 2011, renewing the previous agreement signed on August 19 2009 and January 18 2011. Under the additional contract, Petrosea is obliged to produce 14 million tons coal and 126 million bcm at Sanga-Sanga, East Kalimantan.
Adimitra Nusantara has guaranteed at least 5-year contract to make Petrosea optimizes new heavy equipments, which is in line with higher production.
Petrosea is 99.39% controlled by Indika Energy, a company that is owned by two stellar businessmen Agus Lasmono Sudwikatmono and Wiwoho Basuki Tjokronegoro.
By end of June 2011, 86.29% of Petrosea consolidated revenue were contributed by coal mining or worth US$96.99 million, services of US$8.25 million, and engineering and construction of US$6.13 million.
Petrosea booked US$112.39 million revenue in the first half of this year, a 26.58% increase from US$88.79 million a year earlier. Adimitra Nusantara contributed US$28 million revenue to Petrosea.
Source: Insider Stories
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Saturday, 10 September 11
THE FREIGHT MARKET LIKELY TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued the upward trend during last week with BDI crossing 1,800 points and closing at 1,838 points up by 5.63 ...
Friday, 09 September 11
SUPRA BARA SECURES $20 MILLION LOAN - JP
The Jakarta Post reported that, Coal miner PT Supra Bara Energi says it has secured a US$20 million loan facility from BNP Paribas to buy heavy equi ...
Friday, 09 September 11
CAPESIZE CAN SECURE USD 17-18K SHORT PERIOD - FEARNBULK
Handy
The US Gulf has remained relatively steady, slightly more activity in the South Atlantic with owners aiming for low to mid USD 20k´s f ...
Thursday, 08 September 11
UKRAINES COAL PRODUCTION TO RISE 8% - IFANDP
Industrial fuels & power reported that, Ukraine will increase its coal output by about 8% this year compared to last year, said the country&rsqu ...
Thursday, 08 September 11
DRY BULK MARKETS RALLY COMES TO AN END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was widely expected by analysts and shipbrokers alike, the latest rally of the dry bulk market came to a halt yesterday, with the Baltic Dry Inde ...
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- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Videocon Industries ltd - India
- White Energy Company Limited
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- The University of Queensland
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
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