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Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per share. The announcement was made during a press conference following the annual stockholders meeting held on 17 April 2009.
Mr. Ruchirawat also explained that the payment would be completed in three phases, as the company has made two previous payments in 2008. The first payment was made in October 2008, of Rp 344 per share, the second was made in December 2008, of Rp 295 per share. The final payment of Rp 706 per share is scheduled for 28 Mei 2009.
Additionally, the company also announced a total sum of USD 126 million for its capital spending budget for year 2009. The budget was allocated for several activities, i.e. USD 41 million for harbor expansion in Bontang, USD 7 million for Bharinto, USD 6 million for Bontang Power Plant, USD 15 million for Indominco East Block, and USD 57 million for mining development.
According to Mr. Ruchirawat, the company is still monitoring development in the commodity market for acquisitions. “We are planning to acquire several coal mining companies,” he stated.
Although the acquisition source of funding was included in the internal budget, Mr. Ruchirawat has also indicated that the company might also obtain additional loan from banking institution. “We are relying on the company’s internal funding. However, there is also a possibility to obtain additional loan from banking institution,” he concluded.
Source: http://www.majalahtambang.com/detail_berita.php?category=15&newsnr=1397
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Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...
Tuesday, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
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- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
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- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
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- Orica Australia Pty. Ltd.
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- Salva Resources Pvt Ltd - India
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- Indian Energy Exchange, India
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- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- Planning Commission, India
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- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Central Electricity Authority - India
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- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
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- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
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- Eastern Energy - Thailand
- Medco Energi Mining Internasional
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- Renaissance Capital - South Africa
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- Anglo American - United Kingdom
- Sojitz Corporation - Japan
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- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
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- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
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- Merrill Lynch Commodities Europe
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- PetroVietnam Power Coal Import and Supply Company
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Aditya Birla Group - India
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
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- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
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- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
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- Chamber of Mines of South Africa
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- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
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