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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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Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Aditya Birla Group - India
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- The University of Queensland
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- India Bulls Power Limited - India
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Planning Commission, India
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
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