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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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Wednesday, 17 August 11
TAVESCO KILLARA ENERGY TO ACQUIRE COAL CONCESSIONS IN EAST KALIMANTAN
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 17 August 11
BUMI'S H1 UNDERLYING OPERATING PROFIT $62 MILLION
COALspot.com - Bumi PLC , posted underlying first-half operating profit of $62 million and production at PT Bumi Resources and PT Berau increased to ...
Wednesday, 17 August 11
SHIP OWNERS COULD FACE PAIN ON THE BACK OF GLOOMY ECONOMYS PREDICTIONS - HELLENIC SHIPPING
The latest market turmoil, coupled with the renewed risk of a global recession could very well signal more troubled times for ship owners of all shi ...
Tuesday, 16 August 11
CHALLENGER ENTERED INTO CSPA WITH PELANGI KERTANEGARA TO ACQUIRE 100% STAKE
COALspot.com - Challenger Deep Resources Corp., through its wholly owned subsidiary, P.T. Bestindo Energy, has exercised its option to purchase an a ...
Monday, 15 August 11
ADARO ENERGYS NET INCOME MORE THAN DOUBLES IN FIRST HALF 2011
COALspot.com - Indonesian’s second largest coal producer, Adaro Energy, booked net profit US$ 268 million in the first half 2011, rose two-fol ...
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- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- PTC India Limited - India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
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