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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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Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
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- Kepco SPC Power Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
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- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
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- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
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- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
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- Uttam Galva Steels Limited - India
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- The Treasury - Australian Government
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
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- Latin American Coal - Colombia
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- VISA Power Limited - India
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- Bulk Trading Sa - Switzerland
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- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
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- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
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- Coal and Oil Company - UAE
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- Minerals Council of Australia
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- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
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- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
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- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
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- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
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- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
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- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
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- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
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- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
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