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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 ($348 million) this year from Rp 2 trillion last year, the coal miner’s president director, Sukrisno, said on Monday.
“As coal production and prices increase, I believe that we can earn a net profit of more than Rp 3 trillion this year,” Sukrisno said at the hearing at House of Representatives Commission VII, which oversees energy affairs.
Bukit Asam’s coal production is projected to increase 34 percent to 17.6 million tons this year, he said.
The average coal price was Rp 615,000 per ton last year, he said, without providing any forecasts for this year.
Bukit Asam spokesman Ahmad Sudharto said the increase in global coal prices and production helped it post a surge in its first-quarter net income. Net income for the quarter doubled to Rp 800 billion from Rp 400 billion a year earlier. The average coal price surged 35 percent to Rp 751,000 per ton in the first three months of this year.
Pardomuan Sihombing, an analyst from Recapital Securities, said Bukit Asam was likely to meet its income target of Rp 3 trillion this year as its coal production increased.
“Coal companies, on average, are showing good revenue growth,” Pardomuan said.
Shares in Bukit Asam dipped 0.1 percent to Rp 20,550 on the Indonesia Stock Exchange in Monday trading.
To meet rising production, Bukit Asam expects state-owned railway company Kereta Api Indonesia to add more cars to deliver coal from its mining plant on Sumatra, Ahmad said.
KAI handles the miner’s coal shipments, carrying 11.5 million tons per year. Sukrisno said Bukit Asam would upgrade the capacity of its existing coal railway in Sumatra this year to transport 22.7 million tons annually.
Source: The Jakarta Globe (By Ririn Radiwati Kusuma)
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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1. ...
Sunday, 12 June 11
THE FREIGHT MARKET IS LIKELY TO BE SOFT NEXT WEEK - CAPT. REDDY
COALspot.com - The freight market continued to soften this week except for Panamax index. The BDI was down by about 4.77 pct and closed at 1,418 poi ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
Friday, 10 June 11
BUKIT ASAM RECORDED RP1.3 TRILLION PROFIT IN MAY - TEMPO INTERACTIVE
Tempo Interactive reported that, PT PT Tambang Batubara Bukit Asam Tbk (PTBA) made a net profit of Rp 1.3 trillion (approx. US$ 152,779,410) at the ...
Friday, 10 June 11
DRY BULK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
This week has offered dry bulk ship owners no real reason to smile, as the industry’s benchmarket, the Baltic Dry Index (BDI) has been steadil ...
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Showing 5231 to 5235 news of total 6871 |
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- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Australian Coal Association
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
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