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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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Saturday, 28 May 11
WCI-CHINA RATES SLIDED TO 15K AND FROM ECI AROUND 12K - FEARNLEYS AS
Handy
Rates in the Atlantic remain steady/flat with the Black Sea remaining quiet with little fresh enquiries. The Continent is seeing more tonnag ...
Saturday, 28 May 11
GOLDEN MINES IPO AT RP 2,300 - RP 3,500
Coal miner PT Golden Energy Mines, a wholly owned subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) which is controlled by Indonesian businessman ...
Friday, 27 May 11
LARGER DRY BULK CARRIERS LEAD BDIS RALLY THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Larger dry bulk vessels have kept on leading the market’s rise this week, with the BDI (Baltic Dry Index) rising by a more than healthy 3.43% ...
Wednesday, 25 May 11
70 PERCENT OF HARUMS PRODUCTION SOLD - BISNIS INDONESIA
Coal producer PT Harum Energy Tbk claimed that out of this year's total production target of 10 million tons, 70% or 7 million tons had been sold, ...
Wednesday, 25 May 11
MINERS BACK GOVT PLAN TO FREEZE MINING PERMITS - THE JAKARTA POST
Indonesian coal miners hailed the government’s decision to impose a moratorium on the issuance of new mining permits, saying the freeze would ...
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- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- The University of Queensland
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- White Energy Company Limited
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- India Bulls Power Limited - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
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