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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, 29 March 11
DUTY EXEMPTION UNLIKELY TO IMPACT COKING COAL PRICES - PTI NEWS
Press Trust of India News reported that, the exemption to certain types of coking coal from customs duty is not likely to impact steel prices at pre ...
Monday, 28 March 11
HARUM ENERGY FY10 EARNING UP 7.23% - INSIDER STORIES
Thermal coal producer PT Harum Energy Tbk (HRUM), controlled by Indonesian businessman Kiki Barki through his son Lawrence Barki, posted a slight in ...
Monday, 28 March 11
IBT RAISES CAPACITY OF PULAU LAUT TERMINAL - THE JAKARTA POST
The Jakarta Post reported that, coal infrastructure and logistics firm PT Indonesia Bulk Terminal (IBT), a subsidiary of PT Adaro Energy Tbk, plans ...
Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
Howeve ...
Saturday, 26 March 11
FLSMIDTH WINS MULTIMILLION DOLLAR MATERIAL HANDLING PROJECT IN INDONESIA
FLSmidth has signed a contract in Jakarta worth in excess of USD 135m (DKK 700m) with PT Adaro Indonesia, a subsidiary of PT Adaro Energy Tbk., to s ...
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- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Pendopo Energi Batubara - Indonesia
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Larsen & Toubro Limited - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Australian Coal Association
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Sojitz Corporation - Japan
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Indika Energy - Indonesia
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