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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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Friday, 10 November 17
U.S. COAL OUTPUT FOR THE FIRST 10 MONTHS OF 2017 IS ESTIMATED AT AROUND 656 MMST; UP10% YOY - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15 million short tons ...
Wednesday, 08 November 17
COAL MARKETS WERE MIXED; COKING COAL EKING OUT SOME GAINS; THERMAL COAL STRUGGLING - DANIEL HYNES
Coal markets were mixed, with coking coal eking out some gains, while thermal coal struggled amid the falling oil prices, ANZ Strategist said in a ...
Wednesday, 08 November 17
WEEKLY SHIPPING MARKET INSIGHT
If you are a dry bulk owner today you are definitely feeling the pressure of the past couple of years off and given the admittedly unexpected growt ...
Wednesday, 08 November 17
NEW QUAY OPENED AT THE INDUSTRIAL PORT IN BREMEN,GERMAN
Press Release: After a building period lasting three-and-a-half years, the port logistics firm Weserport, the “bremenports” comp ...
Tuesday, 07 November 17
ING JOINS FORCES ON BLOCKCHAIN-BASED PLATFORM FOR ENERGY COMMODITIES SECTOR
Blockchain technology. It’s often been described as the most important invention in computing in a generation.
So it should come as no s ...
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Showing 1886 to 1890 news of total 6871 |
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- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- PTC India Limited - India
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Australian Coal Association
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
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