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Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 percent of the company's net profit last year as dividends.
The meeting agreed to pay Rp 835.2 billion (US$81.01 million) in dividends, equal to Rp 371.5 (US$ 0.40) a share, but has not disclosed when the dividends will be distributed.
PTBA's net profit surged 135 percent last year to reach Rp 1.7 trillion (US$ 164.891 Billion)
In relation to the management's salary and bonus, the meeting agreed to pay the president director a monthly salary of Rp 100.3 million ( US$ 9,728.42) and a bonus of Rp 2.6 billion (US$ 252,182.35) , while other directors will be given a Rp 90.3 million (US$ 8,785.49) salary and a bonus of 90 percent of the president director's bonus.
source: http://www.thejakartapost.com/news/2009/05/28/ptba-pays-dividends-rp-3715-a-share.html
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Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
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