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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, 30 April 11
THE PANAMAX WAS THE BIGGEST GAINER
COALspot.com - The freight market appeared to recover slightly after the Easter holidays. However they market may not move up much and likely to mai ...
Friday, 29 April 11
KOMIPO ISSUES TENDER FOR 710,000 MT OF LCV & HCV COAL
COALspot.com - Korea Midland Power Co. Ltd (KOMIPO) has issued a spot supply tender for supply of total 710,000 MT of thermal coal for delivery betw ...
Friday, 29 April 11
HARUM EYES IDR 2.58 TRILLION COAL TAKEOVER
PT Harum Energy Tbk (HRUM), that is controlled by Indonesian tycoon Kiki Barki, is poised to spend Rp 2.58 trillion (approximately US$ 301.296 mln) ...
Friday, 29 April 11
CHINA'S IMPORTS 27 PERCENT LESS COAL IN Q1 2011 - ICAP SHIPPING
ICAP Shipping reported that, China's coal imports in the first quarter were some 27% down on a year ago at 32.3 Mt (2010: 44.4 Mt). Part of the rea ...
Thursday, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI ma ...
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- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- White Energy Company Limited
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Deloitte Consulting - India
- Parliament of New Zealand
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
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