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Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for the fuel and as production costs fell.
Net income rose to $124.5 million from $103.3 million a year earlier, the company said in an emailed statement late yesterday. Sales advanced 14 percent to $752.9 million, it said.
Bumi’s coal selling price in the first quarter gained 30 percent to $75.4 a ton on average while production costs fell 11 percent, the Jakarta-based company said. That helped to more than offset a 1.2 million ton drop in output volume, it said.
Thermal-coal prices at Australia’s Newcastle port, the world’s largest export hub for the fuel, reached a record last year and have since declined on concern the global recession will curb energy use.
The first quarter “was again a challenging period on account of continuing unusually heavy rainfall which hampered mining activity,” Dileep Srivastava, head of investor relations, said in the statement. Still, Bumi should meet its output and sales growth target of more than 10 percent this year, he said.
Shares of Bumi rose 2.7 percent to 1,520 rupiah in Jakarta on May 1. They have risen 67 percent so far this year, compared with a 28 percent gain in the benchmark Jakarta Composite index.
Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aI9m8jUkKfe0
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Saturday, 02 May 09
COAL PRICES TO RISE ON CHINESE SUPPLY, INDIAN DEMAND, UBS SAYS
Peter Hickson, an analyst with UBS AG in London, comments on prices for thermal coal, burned to generate power. He commented in a report today.
& ...
Friday, 01 May 09
DEUTSCHE, BECKKETT CLAIMING ADARO WIN - THE JAKARTA GLOBE
Both Deutsche Bank AG and Beckkett, an investment firm controlled by Indonesian tycoon Sukanto Tanoto, claimed victory on Tuesday after Singapore&rs ...
Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philip ...
Wednesday, 29 April 09
BAYAN READY TO OPERATE WORLD'S LARGEST COAL QUALITY IMPROVEMENT FACILITY - MAJALAH TAMBANG
PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...
Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...
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- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
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