We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
 The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its mining business contribute a third of the firm’s net revenue in the next three to five years, its investor relations division said on Tuesday.
During 2009 when the heavy-equipment business was hit by the global financial crisis, the company managed to post only modest revenue growth of 4.8 percent, strongly supported by the performance of its mining subsidiary, PT Pamapersada Nusantara (Pama).
United Tractors posted revenue of Rp 29.24 trillion ($3.25 billion) in 2009, up from 27.9 trillion a year earlier. The mining-contracting business contributed 53 percent, while construction machinery experienced a decline and contributed 37 percent. The remaining 10 percent was contributed by coal mining.
United Tractors, a unit of PT Astra International, now aims for its three core businesses each to contribute a third of total revenue, said Ari Setiyawan, who handles investor relations for the company.
“Now mining contractors pay a great share [of the firm’s revenue], because it [revenue] is calculated in one basket. When, for example, construction machinery declines as it did last year, we would like to explore other businesses, such as coal mining,” Ari said during a visit to the Globe Media group on Tuesday.
In 2009, revenue from construction machinery declined to Rp 10,981 trillion from Rp 12,368 trillion.
United Tractors plans to acquire mining contracts in two coal mines in Central Kalimantan, Hasnanto Wahyudi, general manager of the marketing division, said on Tuesday.
“They are greenfield mines, meaning they haven’t produced yet,” Hasnanto said, adding that potential production from the two mines was about 30 million to 40 million tons.
Hasnanto declined to name the mines, but they are likely to have similar specification to one it acquired in 2008, the Tuah Turangga Agung mine, which according to a Reuters report on April 6, has 40 million tons of reserves of mid- to high-energy coal with a value of about $115 million at $3 per ton.
Apart from Tuah Turangga Agung, United Tractors owns PT Dasa Eka Jasatama, which has mining concessions in South Kalimantan with coal reserves of about 38 million tons, according to local news media.
“The point is, we would like to double our current production,” Ari said, adding that the current production of Tuah Turangga Agung mine was about 500,000 tons of coal, and Dasa Eka Jasatama produced 3 million tons.
“Our expectation is that in the next three to five years, we can produce 10 million tons.”
Akhmad Nurcahyadi, an analyst for PT BNI Securities, said diversifying revenue from the coal business could improve the company’s performance.
“As far as I can see now, demand [for coal in the international market] is stable, but they have to start to be cautious because at some point demand for it will make an adjustment after it is oversupplied,” Akhmad said.
“It is not a wrong move if they want to secure other sources [of revenue] right now as the price [of coal] tends to increase,” Akhmad said, referring to the rising price of coal globally.
Source: The Jakarta Globe ( Reported By: Muhamad Al Azhari, Ardian Wibisono, & Faisal Maliki Baskoro)
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
|
|
|
Showing 5631 to 5635 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
|
| |
| |
|
