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Tuesday, 21 June 11
SURGE IN PRODUCTION AND PRICES TO PUSH BUKIT ASAMS NET PROFITS ABOVE RP 3T - THE JAKARTA GLOBE
 State-owned coal company Perusahaan Tambang Batubara Bukit Asam expects its net income to increase about 50 percent this year on the back of rising coal prices and higher production, a company executive said.
Profit at Bukit Asam may rise to more than Rp 3 trillion ($348 million) this year from Rp 2 trillion last year, the coal miner’s president director, Sukrisno, said on Monday.
“As coal production and prices increase, I believe that we can earn a net profit of more than Rp 3 trillion this year,” Sukrisno said at the hearing at House of Representatives Commission VII, which oversees energy affairs.
Bukit Asam’s coal production is projected to increase 34 percent to 17.6 million tons this year, he said.
The average coal price was Rp 615,000 per ton last year, he said, without providing any forecasts for this year.
Bukit Asam spokesman Ahmad Sudharto said the increase in global coal prices and production helped it post a surge in its first-quarter net income. Net income for the quarter doubled to Rp 800 billion from Rp 400 billion a year earlier. The average coal price surged 35 percent to Rp 751,000 per ton in the first three months of this year.
Pardomuan Sihombing, an analyst from Recapital Securities, said Bukit Asam was likely to meet its income target of Rp 3 trillion this year as its coal production increased.
“Coal companies, on average, are showing good revenue growth,” Pardomuan said.
Shares in Bukit Asam dipped 0.1 percent to Rp 20,550 on the Indonesia Stock Exchange in Monday trading.
To meet rising production, Bukit Asam expects state-owned railway company Kereta Api Indonesia to add more cars to deliver coal from its mining plant on Sumatra, Ahmad said.
KAI handles the miner’s coal shipments, carrying 11.5 million tons per year. Sukrisno said Bukit Asam would upgrade the capacity of its existing coal railway in Sumatra this year to transport 22.7 million tons annually.
Source: The Jakarta Globe (By Ririn Radiwati Kusuma)
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Sunday, 10 July 11
PTBA INCREASES SHARES IN COAL TRAIN PROJECT - TEMPO INTERACTIVE
TEMPO Interactive reported that, PT Tambang Batubara Bukit Asam (PTBA) is still studying the plan to buy 20 percent of shares in the PT Bukit Asam T ...
Sunday, 10 July 11
DRY BULK MARKET SHOWING SIGNS OF IMPROVEMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Stronger Capesize demand has helped propel the dry bulk market forward this week, with the Baltic Dry Index (BDI) ending yesterday’s session u ...
Sunday, 10 July 11
INDONESIAN BAYAN RESOURCES TO SUPPLY 100 MILLION TONS OF COAL TO INDIAN UNIVERSAL SUCCESS ENTERPRISES LIMITED
Coal miner PT Bayan Resources Tbk (BYAN), that is owned by Dato' Low Tuck Kwong, has entered into a conditional sales and purchase agreement to sup ...
Thursday, 07 July 11
BELOW 5100 COAL WILL BE BANNED FOR EXPORT BY 12 JANUARY 2014
COALspot.com - Indonesian government is in the process of drafting an amendment for government regulation 23/ 2010.
GR 23/2010 has issued to sup ...
Wednesday, 06 July 11
ATLAS RESOURCES TO OFFLOAD 17 PERCENT IPO - INSIDER STORIES
Coking and thermal coal miner PT Atlas Energi Resources aims to offload 17percent new shares of its enlarged capital after Eid-Fitri holidays, as qu ...
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- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- PTC India Limited - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
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