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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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Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
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- Ministry of Transport, Egypt
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- Parliament of New Zealand
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- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
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- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
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- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
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- Posco Energy - South Korea
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- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
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- ASAPP Information Group - India
- Australian Commodity Traders Exchange
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- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
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- Samtan Co., Ltd - South Korea
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- Attock Cement Pakistan Limited
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- Economic Council, Georgia
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- PTC India Limited - India
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- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- MS Steel International - UAE
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- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
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- Madhucon Powers Ltd - India
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
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- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- The University of Queensland
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
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- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
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