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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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Tuesday, 07 November 17
MECHEL SIGNED LONG-TERM COAL SUPPLY CONTRACT WITH ITOCHU CORPORATION
Mechel PAO a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itoch ...
Tuesday, 07 November 17
DRY BULK SHIPPING: TAKE GOOD CARE OF THE RECOVERY SAYS PETER SAND
Demand:
Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In Septembe ...
Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior ...
Tuesday, 07 November 17
PROSPERITY AND WINTER WARMTH REMAIN PARAMOUNT IN CHINA - JEFFREY LANDSBERG
Chinese officials announced recently that 580 gigawatts of coal-derived electricity generation capacity has completed ultra-low emissions reform as ...
Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an I ...
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Showing 1891 to 1895 news of total 6871 |
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- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Minerals Council of Australia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
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