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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 $3 per ton.
Apart from Tuah Turangga Agung, United Tractors owns PT Dasa Eka Jasatama, which has mining concessions in South Kalimantan with coal reserves of about 38 million tons, according to local news media.
“The point is, we would like to double our current production,” Ari said, adding that the current production of Tuah Turangga Agung mine was about 500,000 tons of coal, and Dasa Eka Jasatama produced 3 million tons.
“Our expectation is that in the next three to five years, we can produce 10 million tons.”
Akhmad Nurcahyadi, an analyst for PT BNI Securities, said diversifying revenue from the coal business could improve the company’s performance.
“As far as I can see now, demand [for coal in the international market] is stable, but they have to start to be cautious because at some point demand for it will make an adjustment after it is oversupplied,” Akhmad said.
“It is not a wrong move if they want to secure other sources [of revenue] right now as the price [of coal] tends to increase,” Akhmad said, referring to the rising price of coal globally.
Source: The Jakarta Globe ( Reported By: Muhamad Al Azhari, Ardian Wibisono, & Faisal Maliki Baskoro)
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Tuesday, 04 May 10
APRIL 2010 COAL PRICE REFERENCE WAS US$ 86.58/T FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has publishing a monthly coal price reference (HBA) to be used by ...
Tuesday, 04 May 10
DRY BULK MARKET SOFTENING AGAIN ON LACK OF DIRECTION
The dry bulk market has put on the brakes once again, after the last session of the Baltic Dry Index ended at 3,354 points, down 5 from the previous ...
Monday, 03 May 10
AUSTRALIA PLANS 40 PERCENT TAX ON MINING PROFITS - THE JAKARTA POST
The Jakarta Post reported that, Australia would heavily tax the booming profits of its mining companies under a tax system overhaul proposed Sunday ...
Saturday, 01 May 10
THE PERIOD ACTIVITY WAS QUITE FIRM DURING THE WEEK - CAPT. REDDY
COALspot.com: The BDI was up by 11.32 pct which was mainly due to the firmness in capsize index which was up by 21.55 pct .
The other sectors Pan ...
Saturday, 01 May 10
EXPANDED SA COAL TERMINAL TO START OPERATIONS ON MAY 1 - MINING WEEKLY
Mining Weekly reported that, In line with expectations, the Richards Bay Coal Terminal (RBCT) had completed the R1,2-billion Phase V expansion ...
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- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
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