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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, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Lanco Infratech Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- PTC India Limited - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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