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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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Thursday, 11 August 11
INDO TAMBANGRAYA 1H NET PROFIT SOARS 53.09%
Coal miner PT Indo Tambangraya Megah Tbk (ITMG) today reported a 53.09% jump in net profit for the first 6 months of this year on the back of higher ...
Wednesday, 10 August 11
KILLARA RESOURCES TO ACQUIRE SIX COAL CONCESSIONS OF TASON HOLDINGS
COALspot.com - Killara Resources Limited, an Australian listed company has formed PT Tavesco Killara Energy (TKE), a joint company with PT Tavesco I ...
Wednesday, 10 August 11
RESOURCE NATIONALISM IS MAIN BUSINESS RISK FOR MINING SECTORS, E&Y SURVEY
Resource nationalism is top of the business risk list for mining and metals companies around the world, while supply capacity constraint issues cont ...
Wednesday, 10 August 11
INDONESIAN COAL MINING ASSOCIATION OPPOSES LOW-GRADE COAL EXPORT BAN
COALspot.com - The Indonesian Coal Mining Association (ICMA) frowns on and challenges the government plan to ban the low-grade coal export inf ...
Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO
Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offeri ...
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- Interocean Group of Companies - India
- VISA Power Limited - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
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