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Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 billion this year, following the operation of coal mining concession owned subsidiary of PT Bumi Karunia Pertiwi.
The Company has appointed PT Karunia Bumi Khatulistiwa as contractor for the coal mining in North Barito in Central Kalimantan, which is targeted to produce 300,000 tons of coal this year.
Director Suresh Vembu said the company has prepared a hauling road and supporting facilities to support its subsidiary, expected to contribute to company revenue this year.
"We expect that in the next two-three weeks, the mine could begin operations with a production target of 300,000 tons and rising to 1.5 million tons next year. Coal sales target is dependent on price, currently in the price range of US$ 70-80 per ton, "he told Bisnis Indonesia. The estimated sales value, assuming sales of 300,000 tons, is Rp 189-216 billion by the end of 2011.
AKR’s China based coal terminal has managed to sell 5 million metric tons last year and the company has plans to construct another coal terminal at Buntok Baru at Barito river in Central Kalimantan. The terminal will be build on a 38-hectare area with a barge loading conveyor capacity of 1,000 metric tons per hour.
Through its subsidiary, PT Anugrah Karya Raya, AKR and PT Austral Byna will form a 50:50 venture, PT Berkah Rukun Bersama, to develop coal transport facilities and infrastructure.
Austral Byna is a forest concession holder in North Barito, Central Kalimantan.
Source: Bisinis Indonesia
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Thursday, 05 May 11
AKR NAMES KARUNIA AS COAL CONTRACTOR
Insider Stories reported that, PT AKR Corporindo Tbk has appointed PT Karunia Bumi Khatulistiwa as the contractor of coal mining concession in North ...
Tuesday, 03 May 11
DRY BULK MARKET OUTLOOK SEEN WEAK, AS SHIP OWNERS PILE UP MORE SHIPS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the Baltic Dry Index not trading yesterday, it’s worth taking a step back to see the current freight levels. First of all, capesizes and ...
Tuesday, 03 May 11
THE HANDY MARKET CONTINUED TO SLIDE DOWN - BRS
There were marginal increases in rates for the larger sizes this week, with the Cape index remaining stable and the Panamax index logging a 5% incre ...
Monday, 02 May 11
ADARO POSTS 11.7 PERCENT INCREASE IN REVENUES ON HIGHER PRICES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s second-largest coal producer, PT Adaro Energy Tbk, announced an 11.7 percent increase in net reven ...
Saturday, 30 April 11
BUKIT ASAM PROFIT HAS JUMPS 108 PERCENT IN Q1, 2011
The Indonesian state-controlled coal miner PT Bukit Asam Tbk (PTBA) reported a 108.07 percent jump in net profit during the first three months of 20 ...
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