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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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Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
Monday, 15 August 11
INDIAS MALABAR CEMENTS SEEK TO IMPORT 40,000 TONS OF COAL
COALspot.com - Malabar Cements Ltd., India's Keralaa government owned cement factory is seeking to import 40K metric tons of non-coking coal throug ...
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- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Australian Coal Association
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- The University of Queensland
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
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