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.
|
|
Saturday, 22 May 10
INDUSTRY QUESTIONS STEAM COAL PRICE ANOMALY
Five South Korean utilities have secured a deal for 3.13 million tonnes of Australian thermal coal with a calorific value of 6,080kcal/kg for delive ...
Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ...
Wednesday, 19 May 10
NEWCASTLE WEEKLY EXPORTS RISE; SHIP QUEUE LENGTHENS
Coal shipments from Australia's Newcastle port, the world's biggest export harbor for the fuel used in power stations, rose 2.9 percent last week ...
Tuesday, 18 May 10
THE BDI HIT A FIVE-MONTH HIGH AT THE CLOSE OF LAST WEEK
According to BRS, One of the oldest ship broker, at 3,929 points, the BDI hit a five-month high at the close of last week. The Capesize four time ch ...
Tuesday, 18 May 10
COAL TRADER CHINA QINFA TO BUY TWO BULK CARRIERS FOR 69 MLN USD
China Qinfa Group, a leading non-State-owned coal trader on China's mainland, said Sunday it had signed shipbuilding contracts to pay 69 million U. ...
|
|
|
Showing 5826 to 5830 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Planning Commission, India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
|
| |
| |
|
