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Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
 The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its executives says.
Indika investor relations vice president Retina Rosabai said Thursday the talks were still underway and no decision had been made, but refused to name the companies involved in the negotiations, or the value of the deal.
The deal is expected to bring the company's sales output next year to more than the 24 million tons estimated for this year.
To meet the target, the company is aiming to increase its coal output to 28 million tons by next year, a 12.68 percent increase on this year's production target.
The company's net profit dropped 25 percent in the first half of this year to Rp 361 billion (US$38.2 million) on the back of weaker demand.
However, Indika finance director Azis Rahman said conditions would improve in the second half of 2009 as revenue from engineering and mining subsidiary PT Petrosea would be consolidated into the company's financial books. He did not give any figures.
Indika recently acquired an 82 percent stake in Petrosea in a deal valued at $83.8 million.
By acquiring Petrosea, Indika expects to begin receiving up to 850,000 tons of additional coal from Petrosea's PT Santan Batubara unit this year, Azis said. Santan output is expected to increase to 2 million tons in 2010, he added.
Azis also said Indika was open for another acquisition opportunity, and that it had relatively strong cashflow, currently estimated to be around $270 million.
Other than supporting a possible acquisition, Indika would use the money to develop its three core business interests - power plants, resources and mining services.
Earlier it was reported that Indika was interested in acquiring assets belonging to British energy giant BP Plc and local coal producer Berau Coal.
Indika president director Arsjad Rasjid said earlier the company planned to partner with state oil and gas company PT Pertamina to buy a 46 percent stake in BP's Northwest Java Sea block in West Java.
When asked about the progress of these two acquisition plans, Azis refused to comment since both were still being negotiated.
Source: The Jakarta Post
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Thursday, 16 November 17
KOMIPO INVITED BIDS FOR 3.9 MILLION TONS OF 5700 NAR AND 5400 NAR COAL FOR 2018 - 2020 DELIVERY
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 3,900,000 Metric Tons of min. 570 ...
Thursday, 16 November 17
THE PORT OF NEWCASTLE HAS SHIPPED 14.94 PERCENT LESS COAL IN OCTOBER 2017, DATA SHOWS
COALspot.com: The Port of Newcastle, Australia’s major trading ports, and the world’s largest coal export port has shipped $AU 1,466.8 ...
Thursday, 16 November 17
GOVERNMENT, 13 COAL MINERS AGREE TO CHANGE CONTRACTS - JP
The government and 13 coal mining companies have agreed to change the old Contract of Work (CoW), as part of the implementation of Law No. 4/20199 ...
Wednesday, 15 November 17
IEA RECOGNISES COAL'S CONTINUOUS IMPORTANCE TO GLOBAL ENERGY NEEDS - WCA
The World Coal Association (WCA) has welcomed the International Energy Agency’s (IEA) recognition that coal will continue to play a vital rol ...
Wednesday, 15 November 17
THERMAL COAL WAS DRAGGED DOWN BY THE WEAKNESS ACROSS THE WIDER ENERGY SECTOR - DANIEL HYNES
The coal market was mixed.
Thermal coal was dragged down by the weakness across the wider energy sector, said Daniel Hynes Senior Commodi ...
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Showing 1876 to 1880 news of total 6871 |
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- PTC India Limited - India
- MS Steel International - UAE
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- The University of Queensland
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
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