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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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Thursday, 23 June 11
DRY BULK MARKET KEEPS EXHIBITING SIGNS OF WEAKNESS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to climb at new highs this week, showing signs of weakness, across most ship types. Yesterday, the Baltic Dry ...
Wednesday, 22 June 11
BOOMING INDONESIAN COAL EXPORTS - BLEEDING INDIAN POWER INDUSTRY
COALspot.com - Indonesia shipped 28.962 Million tons of coal in May 2011, up by 15.86 percent compared to April export of about 24.995 m ...
Tuesday, 21 June 11
COURT BATTLE PUTS MASSIVE COAL PROJECT IN JEOPARDY - KOREA JOONGANG DAILY
As Korean companies race to exploit Indonesia’s abundant natural resources, two companies have been locked in a court case that has become so ...
Tuesday, 21 June 11
DRY BULK MARKET TURNS RED AGAIN ON VESSEL OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk entered this week on a negative turn, with the industry’s benchmark the Baltic Dry Index (BDI) retreating by 0.35% to end the ses ...
Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
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Showing 5216 to 5220 news of total 6871 |
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- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Australian Coal Association
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- The University of Queensland
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
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