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Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now reviewed, as quoted by Insider Stories.
The acquisition, said Bukit Asam CEO Sukrisno, is expected to complete in the second or third quarter of this year. These two coal mines are expected to start production by 2012 with capacity of 1 million tons-2.5 million tons.
Besides the acquisition, Bukit Asam and its consortia has passed the qualification for tender of four power plants.
Bukit Asam has tied up Chinese Hua Tian for the power plant project with capacity of 2x600 MW in South Sulawesi, 2x300 MW in South Sumatra in partnership with subsidiary of PT United Tractors Tbk.
Bukit Asam will bankroll the project with internally generated cash flow which reached Rp 5 trillion (approximately US$ 583.771 million).
The company expects to reach net profit of above Rp 3 trillion (approximately US$ 350.262 million) in 2011 from Rp 2 trillion (approxiamtely US$ 233.508 million) last year because of higher sales volume and prices.
Sales volume is expected to increase 31% to 16.9 million tons of coal in 2011 from 12 million tons last year. The revenue is estimated to rise 46.34% to Rp12 trillion (approximately US$ 1.401 billion) from Rp 8.2 trillion (approxiamtely US$ 957.384 million).
"We estimate our 2011's average selling prices of US$ 80 per ton from $ 61.5 ton," He said.
The company provides capital expenditure of Rp1.8 trillion (approximately US$ 210.157) to support this target will finance from generated internally cash.
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Tuesday, 23 August 11
COAL DEMAND IS REMAINED STRONG IN SPITE OF CURRENT GLOBAL ECONOMIC UNCERTAINTY - BUMI
COALspot.com - Indonesia's largest coal producer, PT Bumi Resources, Tbk (BUMI)'s sales revenue has increased to US$1.79 billion (compared with US ...
Tuesday, 23 August 11
PENRHYN COAL USING EVERGREEN ENERGYS COAL UPGRADING PROCESS
Evergreen Energy Inc has announced the successful testing results of the initial batches of Penrhyn coal using Evergreen Energy’s coal upgradi ...
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS
A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge ...
Monday, 22 August 11
INDONESIA TO BAN BELOW 5700 KCAL/KG COAL FOR EXPORT
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia is in the process of drafting a regulation which is requiring mine owners ...
Monday, 22 August 11
JATENERGY AGREED TO FORM JV WITH AN INDONESIAN COAL MINING COMPANY
COALspot.com - Australian’s listed company, Jatenergy Limited has entered conditional agreement to form joint venture with Indonesia’s c ...
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- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Australian Coal Association
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Minerals Council of Australia
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- The University of Queensland
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
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