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Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR


Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North Barito, South Kalimantan. The mine is expected to produce 300,000 tons this year.

AKR’s President Director Haryanto Adikoesoemo stated his optimism that, due to world’s high demand, mining and coal logistics business have a bright prospect.

“The expansion is part of our business target in energy and logistic infrastructure development sector,” he said in a press release yesterday as quoted by Bisnis Indonesia daily today as quoted by Insider Stories.

The company acquired the concession at end of 2009 through its subsidiary PT Bumi Karunia Pertiwi. AKR is currently working on constructing coal terminal facility in Buntok Baru, Center Kalimantan that could accommodate 1,000 metric tons/hour barge loading conveyor, Insider further said.

“It is expected to run in the next 2-3 weeks. All investment requirements will be handed over to contractor.”



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Thursday, 05 May 11
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Tuesday, 03 May 11
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Tuesday, 03 May 11
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There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...


Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...


Saturday, 30 April 11
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The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...


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